The National Bank for Agriculture and Rural Development (NABARD) showcased its pioneering efforts in integrating digital financial services with the rural and agricultural sectors at the recent Global Fintech Fest (GFF) in Mumbai. Throughout the event, NABARD actively participated in a series of panel discussions addressing crucial themes, such as the profound impact of digital identity and KYC solutions on regulatory frameworks. They also explored collaborations with fintech and agri-tech companies, drawing from their extensive experience in these sectors. NABARD unveiled a range of initiatives geared towards elevating the agricultural and rural economy to unprecedented heights through comprehensive digital financial services.
“The transformation of agriculture and rural finance is of paramount importance. Through value chain financing, we aim to bridge the digital divide and bring financial services to the doorsteps of the rural population. Through technology, we can contribute significantly to the economic growth and prosperity of India’s rural communities,” said Manikumar S, Chief General Manager (SPPID) at NABARD.
“Collaboration between agritech and fintech holds the promise of a brighter, more prosperous future for rural India. At NABARD, our focus is on leveraging technology and innovation to bridge financial gaps, empower rural communities, and transform agriculture. We will continue to drive financial inclusion and sustainable growth across the nation,” said Monomoy Mukherjee while explaining the endeavors of NABARD.
With these initiatives, NABARD reiterated its commitment to empowering the rural economy and driving financial inclusion through value chain financing in agriculture, developing innovative solutions to provide digital financial services in remote and inaccessible regions.