NABARD and RBI Innovation Hub Collaborate for revolutionising Digital agri lending

In a landmark partnership aimed at revolutionising digital agri lending, the National Bank for Agriculture and Rural Development (NABARD) will integrate its e-KCC loan origination system portal with the Public Tech Platform for Frictionless Credit (PTPFC) of Reserve Bank Innovation Hub (RBIH).

NABARD, India’s apex development bank, developed the Loan origination system portal to facilitate digital Kisan Credit Card (KCC) loan processing for cooperative banks and Regional Rural Banks (RRBs). Through the integration with PTPFC, about 351 district and state cooperative banks and 43 RRBs will gain access to a range of services including digital state land records, satellite data, KYC, credit history and transliteration for more effective credit underwriting. The partnership agreement was signed by Mr. Shaji K V, Chairman, NABARD and Mr. Rajesh Bansal, CEO, RBIH.

“The digitisation of agricultural lending will ensure instant doorstep delivery of credit to farmers while improving the efficiency of banks, advancing ...