(a) Upto Rs.50,000/= : D. P. Note Hypothecation of standing crops
(b) Above Rs.50,000/= : D. P. Note Hypothecation of standing crops Mortgage of land / Collateral security
(i) In case the value of land mortgaged is adequate, no other security should be obtained.
(ii) For finance against Government warehouse receipts, mortgage may be waived.
(iii) Waiver of mortgage of land in deserving cases may be considered as per security norms.
(iv) The RBI norms on security should be strictly adhered to.
(a) Demand Promissory Note.
(b) Deed of Composite Hypothecation Agreement (CHA-1).
(c) Letter of Authority (AG-15).
(d) Charge on land as per Agricultural Credit Act or Equitable mortgage or Legal Mortgage of land (CHA-4).
(e) Letter of Pledge (OD-159).
(f) Pledge of Storage Receipt duly discharged.
(g) Undertaking to repay the advance within 12 months or on sale of produce.
(h) Bank’s lien to be notified to the storage unit.
(i) Undertaking from the godown / cold storage owners not to deliver the goods without production of the pledged storage receipt.
(k) L-516 (if required)