The National Bank for Agriculture and Rural Development (Nabard) has acquired 10 per cent equity stake in 24×7 Moneyworks Consulting Pvt Ltd, an agri-fintech venture. This marks Nabard’s first-ever investment in a boot-strapped start-up.
24×7 Moneyworks Consulting Pvt Ltd’s platform, eKisanCredit (eKCC), is a fully digital loan origination system designed for cooperative banks, PACS and RRBs. The eKCC platform integrates seamlessly with land records, Aadhaar, eKYC, core banking systems and ePACS, enabling end-to-end automation of the rural credit lifecycle.
Over the past two-and-half years, Nabard has piloted eKCC across various banks and the system is now ready for nation-wide roll-out.
Strategic collaboration
Quoting Shaji KV, Chairman of Nabard, a media statement said: “eKCC has demonstrated the potential to improve access, transparency, and efficiency in dispensing agricultural credit. This strategic collaboration will help cooperative banks, PACS and RRBs deliver faster, transparent, and more inclusive credit services to small and marginal farmers.”
The start-up has also developed AIFIS — a digital platform to manage interest subvention claims under the Agriculture Infrastructure Fund (AIF). The AIFIS ensures real-time validation and disbursement of interest subvention claims.
GS Rawat, Deputy Managing Director, Nabard, said that the bank’s investment reflects the belief that digital innovation must empower existing last-mile institutions. eKCC is a scalable, field-ready solution, he said.
Ranjeet Gautam, Founder and CEO of 24×7 Moneyworks Consulting Pvt Ltd, said: “This partnership validates our mission to build tech-driven, inclusive credit infrastructure for rural India. Our solutions are designed with empathy for last-mile users.”
Published on April 23, 2025
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