Dena Bank, Staragri partner for warehousing receipt funding

Dena Bank, a public sector bank in India, and Staragri, Jaipur-headquartered private firm, have signed an agreement to fund warehousing infrastructure in Tier 2 and 3 cities in India.

As part of the agreement, Staragri will provide collateral management services to the bank and warehousing facilities to end users pan India. Commodities such as paddy, wheat, mustard, soya, maize, cotton and other commodities would be stored in post harvest agri solution provider’s warehouses.

The General Manager of Dena Bank, Mr. R.K Gupta and the director of Staragri Mr. Amit Khandelwal signed the deal.

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