Hyderabad: The National Bank for Agriculture and Rural Development (NABARD) has acquired equity stake in 24×7 Moneyworks Consulting Pvt. Ltd, a next-generation agri-fintech venture. This marks NABARD’s first-ever investment in a bootstrapped startup, reinforcing its commitment to digital transformation in rural India.
24×7 Moneyworks Consulting Pvt. Ltd.’s flagship 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.
The startup 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.
“NABARD’s investment reflects the belief that digital innovation must empower existing last-mile institutions,” said Shri G S Rawat, DMD, NABARD. “eKCC is a scalable, field-ready solution.”
Ranjeet Gautam, Founder & CEO of 24×7 Moneyworks Consulting Pvt. Ltd., noted, “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.”