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It ensures quality storage in the warehouses. This prevents selling of produce at throwaway prices and that the farmers could wait for the right time to sell the produce at good prices.
Negotiable warehouse receipt, which was launched in 2011, allows transfer of ownership of that commodity stored in a warehouse without having to deliver the physical commodity. These receipts are issued in negotiable form, making them eligible as collateral for loans.
negotiable receipt means a receipt in which it is stated that the goods therein specified will be delivered to bearer or to the order of a named person; (« récépissé négociable »)
\u2014 A receipt in which it is stated that the goods received will be delivered to the bearer or to the order of any person named in such receipt is a negotiable receipt.
Definition of non-negotiable receipt. A receipt in which it is stated that the goods received will be delivered to the depositor or to any other specified person, is a non-negotiable receipt.

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In August 2019, the WDRA issued a notification that made it mandatory for registered warehouses to issue negotiable warehouse receipts only in electronic form, that is, an e-NWR. The e-NWRs are recorded and maintained in digital form by two repositories approved by the WDRA.
Warehouse receipts may be negotiable or non-negotiable. Negotiable warehouse receipts allow transfer of ownership of that commodity without having to deliver the physical commodity. See Delivery order. Most warehouse receipts are issued in negotiable form, making them eligible as collateral for loans.
2137 or the Warehouse Receipts Law of 1912, as amended. The old law prescribed a relatively simple way by which farmers and other workers from the agricultural sector can obtain credit by storing their goods in a warehouse and trading or encumbering the warehouse receipt.
Warehouse receipts may be negotiable or non-negotiable. Negotiable warehouse receipts allow transfer of ownership of that commodity without having to deliver the physical commodity. See Delivery order. Most warehouse receipts are issued in negotiable form, making them eligible as collateral for loans.
True, the railway receipt is not a negotiable instrument. It is neither a promissory note nor a bill of exchange nor a cheque.

non negotiable warehouse receipt