1 day ago
Nabard-Backed Agri-Fintech Onboards 300,000 Kisan Credit Card Applications
Farmers often had to visit banks many times to get loans for their farms.
A new online system is designed to make this process easier.
The system helps banks check a farmer’s identity, land records and crops.
It can then help calculate how much money the farmer may be eligible to borrow.
More than 300,000 Kisan Credit Card applications have been onboarded since December 2025.
The system is being used by many cooperative banks and agricultural societies.
Kisan Credit Cards help farmers pay for seeds, fertilisers and pesticides.
Eligible farmers can receive short-term loans at reduced interest rates, especially if they repay on time.
The National Bank for Agriculture and Rural Development and 24X7 Moneyworks Consulting have onboarded more than 300,000 Kisan Credit Card applications since December 2025.
The eKCC portal operates across nearly 238 cooperative banks and about 32,000 primary agricultural credit societies.
About 170,000 applications have been electronically onboarded through the cooperative-bank network.
The portal uses Aadhaar authentication, land-record validation and crop details to assess farmers’ agricultural-loan limits.
Kisan Credit Card holders can receive short-term loans of up to Rs 3 lakh at 7% interest, with prompt repayment lowering the effective rate to 4%.
- Who
- The National Bank for Agriculture and Rural Development and Vadodara-based 24X7 Moneyworks Consulting, working with cooperative banks and Regional Rural Banks.
- What
- They have electronically onboarded more than 300,000 Kisan Credit Card applications through the eKCC portal.
- Where
- Across nearly 238 cooperative banks, about 32,000 primary agricultural credit societies and Regional Rural Banks.
- When
- Since December 2025; the initiative expanded in less than a year.
- Why
- To improve access, transparency and efficiency in agricultural-credit delivery and reduce paperwork, repeated bank visits and long processing times.
Key facts
- Applications onboarded
- More than 300,000 since December 2025
- Cooperative network
- Nearly 238 cooperative banks and about 32,000 primary agricultural credit societies
- Cooperative applications
- Nearly 170,000 electronically onboarded
- Operational KCC holders
- 77.2 million landholding Kisan Credit Card holders
- FY26 agricultural credit
- More than Rs 32.5 lakh crore
- Standard short-term loan
- Up to Rs 3 lakh at 7% annual interest
- Prompt-repayment rate
- Effective interest rate can fall to 4% through an additional 3% subvention
Quotes
Ranjeet Gautam
Founder, managing director and CEO of 24X7 Moneyworks Consulting
“The eKCC portal is designed for cooperative banks, primary agricultural credit societies (PACS) and it is used for Aadhaar authentication of farmers, land record validation and loan limits based on crop details and area under cultivation”
financialexpress.com
Sources
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