Overview
Timely and affordable credit is critical for agricultural productivity and financial inclusion. However, fragmented processes and bureaucratic hurdles often hinder farmers from securing necessary funds. To address this, the Department of Agriculture & Farmer’s Empowerment (DAFE) and the Fisheries & Animal Resources Development (FARD) Department of the client state launched the Simplified Application for Agricultural Loans (SAFAL) Portal. Developed by CSM Tech, this digital lending platform streamlines credit access for farmers and agri-entrepreneurs for over 500 loan products from 40+ banks through a seamless, technology-driven application and tracking system.
Challenges
Timely and affordable credit is critical for agricultural productivity and financial inclusion. However, fragmented processes and bureaucratic hurdles often hinder farmers from securing necessary funds. To address this, the Department of Agriculture & Farmer’s Empowerment (DAFE) and the Fisheries & Animal Resources Development (FARD) Department of the client state launched the Simplified Application for Agricultural Loans (SAFAL) Portal. Developed by CSM Tech, this digital lending platform streamlines credit access for farmers and agri-entrepreneurs for over 500 loan products from 40+ banks through a seamless, technology-driven application and tracking system.
Solution: SAFAL Credit Portal
CSM Technologies developed a comprehensive digital platform that streamlines loan applications, enhances transparency, and integrates seamlessly with financial institutions and government schemes.
Key Features
- 01. One-Stop Digital Platform – Farmers can browse, apply, and track loans via web and mobile applications.
- 02. Automated Eligibility Verification – Integrated with Aadhaar-based e-KYC and government databases.
- 03. Real-Time Status Tracking – Applicants receive SMS/email notifications at each stage.
- 04. Data-Driven Insights – Provides analytics for policymakers to monitor credit demand and disbursal.
- 05. Integration with Banking Systems – Ensures seamless digital loan processing across multiple financial institutions.
Unique Value Propositions
Benefits and Business Value
For Banks & Policymakers
- Reduced processing time – With access to a large pool of pre-verified loan applicants.
- Effective disbursal management – With enhanced credit disbursal tracking and compliance monitoring.
- Improved decision-making – Data-driven decision-making for policy interventions and financial inclusion programs.
For Farmers
- Simplified loan application process – For enhanced access to formal credit.
- Structured information – For increased financial literacy and decision-making support.
- Hassle-free accessibility – Improved access to high-quality agricultural resources and technologies.
Impact
40 On-boarded Banks
63,445 Number of Applications Received
30,563 Applications Sanctioned
$27.46 Million Sanctioned Amount
Conclusion
By digitizing agricultural credit, SAFAL empowers farmers, improves financial inclusion, and enhances efficiency in credit distribution. This initiative positions Odisha as a leader in agritech-driven financial accessibility, fostering long-term economic growth in the sector.
Let’s Build the Future of Your Business Together!
Innovation starts with a conversation. Connect with us to navigate tech challenges, modernize IT, and accelerate digital transformation.
Thanks for contacting us. Our experts will review your request and connect with you at the earliest.
© 2025 CSM Tech Americas All Rights Reserved