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Nabard partners with RBI Innovation Hub to fast-track digital agri lending

Current GK (IBPS-CL) Rural Banking and financial institutions

25-Apr-24

The National Bank for Agriculture and Rural Development (NABARD) said it has partnered with Reserve Bank's arm RBIH to put in place a system which will enable faster processing of agricultural loans.

NABARD said it will integrate its e-KCC loan origination system portal with the Public Tech Platform for Frictionless Credit (PTPFC) of Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the RBI.
NABARD has developed the loan origination system portal to facilitate digital Kisan Credit Card (KCC) loan processing for cooperative banks and Regional Rural Banks (RRBs).
The partnership agreement was signed by the NABARD chairman and Rajesh Bansal, CEO, RBIH.

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