NABARD and Reserve Bank Innovation Hub (RBIH) join forces to modernize digital agri lending. NABARD’s e-KCC loan origination system portal will integrate with RBIH’s Public Tech Platform for Frictionless Credit (PTPFC).
This collaboration will provide 351 district and state cooperative banks and 43 RRBs with access to digital services, enhancing credit underwriting.
The partnership aims to revolutionize rural finance, ensuring prompt credit delivery to farmers and reducing loan processing time from weeks to minutes.
With a focus on innovation, the initiative promises to reshape India’s rural financial landscape, benefiting millions of farmers.