NABARD Digital Platform for Rural Cooperative Banks
Why in the news
NABARD is preparing digital infrastructure for rural cooperative banks, with a parallel build for RRBs.
Key facts
- Agency: NABARD, the National Bank for Agriculture and Rural Development.
- Product: an all-in-one digital solution platform for rural cooperative banks.
- Expected: second half of FY2025-26.
- Also under development for Regional Rural Banks (RRBs).
Significance
- Modernises rural banking and raises efficiency, access and digital uptake.
- Furthers NABARD’s goal of deeper rural financial inclusion.
Exam angle
- Agency: NABARD; beneficiaries: rural cooperative banks and RRBs.