India’s Corporation Bank is the latest bank to partner with warehousing firm National Collateral Management Services (NCMS).

The partnership is aiming to improve availability of working capital to traders and farmers in India’s agribusiness supply chain.

“This tie up with NCMS will provide a great fillip to warehousing receipt financing and will help the farmers to avoid selling their produce at give-away prices by enabling them to hold on and wait for better prices,” says B.N. Shenoy, Corporation Bank’s general manager.

Other Indian institutions that have signed up with NCMS include Yes Bank and Punjab National Bank.

The collateral management firm is planning a large-scale expansion to build its own warehouses at 40 locations across 12 Indian states.