India’s fintech transformation is reaching far beyond its major cities, as an agricultural finance platform backed by the National Bank for Agriculture and Rural Development has now digitally onboarded more than 300,000 Kisan Credit Card applications across cooperative and regional rural banks.
Taking paperwork out of farm finance
Vadodara-based fintech 24X7 Moneyworks Consulting has developed an electronic Kisan Credit Card platform designed to simplify access to agricultural loans.
The system combines Aadhaar authentication, digital verification of land records and information about crops and cultivated areas to help determine appropriate lending limits.
Since December 2025, the initiative with NABARD has expanded across 238 cooperative banks and around 32,000 Primary Agricultural Credit Societies, or PACS.
The technology addresses a practical problem. Agricultural lending has traditionally involved physical documents, repeated visits to financial institutions and lengthy processing procedures, particularly in rural areas.
Fintech reaches the countryside
India has approximately 77.2 million operational Kisan Credit Card holders, making agricultural credit an enormous financial market.
During the 2025–26 financial year, agricultural credit reached ₹32.5 trillion, with around 60% directed towards short-term crop lending.
Digitising even part of this infrastructure therefore represents considerably more than simply putting another banking service onto a smartphone.
It connects farmers, local financial institutions, government programmes and agricultural data through the same digital process.
Investment signals confidence
NABARD has also acquired a 10% stake in 24X7 Moneyworks, its first investment in a bootstrapped startup.
The fintech has additionally developed technology for managing interest-subsidy claims under India’s Agriculture Infrastructure Fund, extending its role from individual agricultural loans into the financial infrastructure surrounding the sector.
India’s next fintech frontier
India’s fintech revolution has largely been associated internationally with UPI and the extraordinary expansion of instant digital payments.
Agricultural finance demonstrates what can happen when the same digital philosophy moves into more complicated financial services.
For millions of farmers, the important innovation may not be another payment app. It may instead be technology that reduces paperwork, connects previously fragmented information and makes formal credit easier to reach.
That represents a different stage of India’s fintech development: taking digital finance from everyday payments into the economic infrastructure of rural India.
Newshub Editorial in Asia – 22 September 2026
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India’s fintech transformation is reaching far beyond its major cities, as an agricultural finance platform backed by the National Bank for Agriculture and Rural Development has now digitally onboarded more than 300,000 Kisan Credit Card applications across cooperative and regional rural banks.
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