NABARD Takes 10% Stake in eKisanCredit Operator 24×7 Moneyworks
Why in the news
NABARD took equity in the company behind eKisanCredit, a platform that digitises rural lending.
Key facts
- eKCC automates rural credit end to end for cooperative banks, PACS and RRBs, linking land records, Aadhaar and eKYC, core banking and ePACS.
- NABARD piloted it for over 2.5 years; it is ready for nationwide rollout.
- Chairman Shaji KV: it widens farm credit access and aids small and marginal farmers; DMD GS Rawat: it empowers last-mile institutions.
Other product
AIFIS (Agriculture Infrastructure Fund Information System) manages interest subvention claims with real-time validation and disbursement.
Exam angle
- Stake: 10%.
- Operator: 24×7 Moneyworks.