NeML offers e-Pledge model in which NeML act as facilitator, bringing borrower, Warehouse Service Provider (WSP) and Bank under one roof, providing warehouse and commodity electronic accounting system, Pledging, Trading, clearing and settlement solution. Borrowers (farmers / Traders / processors / FPOs etc.) after depositing commodities in NeML notified warehouses can apply on-line to Bank via Comlive and avail finance against pledge of warehouse receipts.

The physical warehouse receipt financing has been in existence for a long period of time where banks lend against the physical warehouse receipts issued by warehouseman. Due to lack of MIS, redundant risk management process, and lack of transparency Banks have faced many frauds and scams. NeML's e-pledge warehouse based commodity finance model work towards removing such malfunctioning of the system by offering better risk management, enhanced operations and technological solutions. NeML's empaneled Warehouse Service Provider (WSP) act as Collateral management agency responsible for commodity safety, security, stock management, insurance, deposit and delivery whereas NeML provides its e-pledging platform and better risk management process. E-pledge model ensures safe, speedy, smooth and transparent commodity finance business transaction.

NeML also offers e-auction of defaulted stock (even in physical form) on its trading platform which has large pool of buyers already registered at pan India level and Banks realize better prices for such commodities.

Benefits:

1. E-pledge is simple, secure and speedy mode of commodity accounting and pledging platform
2. Comlive Platform brings more visibility, traceability in the existing practices of WHR finance and make entire process more secure.
3. Enhanced monitoring of e-pledge transaction through regular e-mail alert services for various aspects like pledge creation, Pledge redeem, price drop, insurance expiry, revalidation of commodities etc.
4. COMLIVE Platform ensures pledge monitoring and real time data accountability via providing multiple customizable MIS reports.
5. Regular internal as well independent third party audit and inspection of warehouses and commodities to Maintain sanity of the operations
6. Facility of online trading of pledged commodity, which leads to better realization to the borrowers.
7. In case of Credit default, Default auction on NeML Platform for disposal and better Price Discovery

List of Pledgee Banks:
NeML has tied-up with Leading Banks for extending e-pledge finance services to borrowers:

1. State Bank of India
2. IDBI Bank
3. Central Bank of India
4. Punjab National Bank
5. Corporation Bank
6. Vijaya Bank