Farmer Credit Portal

Agriculture is a dominant sector of our economy, as it contributes a significant figure 18.8 per cent to the Gross Domestic Product (GDP) 18.8 per cent in 2021-22. The global agriculture market grew from $11,109.32 billion in 2021 to $12,152.6 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%.  Credit plays an important role in increasing agricultural production. Availability and access to adequate, timely and low-cost credit from institutional sources is of great importance, especially to small and marginal farmers. Experience has shown that easy access to financial services at affordable cost positively affects the productivity, asset formation, income and food security of the rural poor. The major concern of the Government is, therefore, to bring all the farmer households within the banking fold and promote complete financial inclusion Credit facility is not only offered to farmers working towards the cultivation of food crops but allied agri-preneurs.

To simplify the process of loan application for farmers, the Common Credit Portal has been created a one-stop solution for farmers and agri-preneurs to avail formal sector credit from public sector banks, private sector banks, regional rural banks, Odisha State Cooperative Bank and small finance banks. Through the common credit portal, the farmers and agri-preneurs can access 500+ loan products offered by 40+ banks. Find more details about it in the brochure.

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