The National Bank for Agriculture and Rural Development (NABARD) has made its first-ever investment in a bootstrapped startup by acquiring an equity stake in 24×7 Moneyworks Consulting Pvt. Ltd., an agri-fintech company focused on building digital credit infrastructure for rural India.
24×7 Moneyworks Consulting Pvt. Ltd.’s platform, eKisanCredit (eKCC), a fully digital loan origination system that simplifies and automates the agricultural credit process for Cooperative Banks, Primary Agricultural Credit Societies (PACS), and Regional Rural Banks (RRBs). The platform integrates with key systems such as land records, Aadhaar, eKYC, core banking, and ePACS, enabling end-to-end digitisation of rural loan disbursements. NABARD has been piloting the platform for over two years, and it is now ready for national rollout.
NABARD Chairman Shaji K.V. said, NABARD is proud to back a startup that brings innovation and impact to rural finance. 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 startup has also developed AIFIS, a digital solution for managing interest subvention claims under the Agriculture Infrastructure Fund (AIF). The platform allows real-time verification and processing of claims, improving efficiency for participating institutions.
Commenting on the investment, NABARD Deputy Managing Director G.S. Rawat said, “NABARD’s investment reflects the belief that digital innovation must empower existing last-mile institutions.” He further added, “eKCC is a scalable, field-ready solution.”
Ranjeet Gautam, Founder and CEO of 24×7 Moneyworks, 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.”
