eKCC Portal May Put Agri Credit on the Fast Track

Timely Disbursal

- SANDIP DAS

The National Bank for Agriculture and Rural Development (Nabard), in collaboration with Chennai-based 24x7 Moneyworks Consulting, has developed the ekisancredit (eKCC) portal for rural banking institutions to ensure fast and timely disbursal of credits to holders of kisan credit cards (KCCs).

Through the portal, specifically designed for rural cooperative banks (RCBs) and regional rural banks (RRBs), farmers will be able to submit loan applications without visiting banks.

Currently, farmers need to visit bank branches multiple times to get agri-credit sanctioned. "Through digital platforms, agri-loans to KCC holders can be sanctioned in a shorter time," Ajay Sood, deputy MD, Nabard, told FE.

According to Sood, a pilot is being carried out for approval of loans using the eKCC platform in six states. This will be expanded soon.