NABARD makes first startup investment in 24x7 Moneyworks

In a move to promote innovation in rural finance, the National Bank for Agriculture and Rural Development (NABARD) has acquired an equity stake in 24x7 Moneyworks Consulting, an agri-fintech startup.

This is the NABARD’s first-ever investment in a bootstrapped startup, the bank said.

The startup’s product, eKisanCredit (eKCC), is a fully digital loan origination platform specifically designed for Cooperative Banks, Primary Agricultural Credit Societies (PACS), and Regional Rural Banks (RRBs). 

The platform integrates with land records, Aadhaar, eKYC, core banking systems, and ePACS, providing end-to-end automation of the rural credit process.

Over the past two and a half years, NABARD has conducted pilot programs for eKCC across various banks and the system is now prepared for a nationwide roll-out.

“NABARD is proud to back a startup that brings innovation and impact to rural finance,” said Shri Shaji K.V., Chairman, NABARD. “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 fintech company has also developed AIFIS, a digital platform that streamlines interest subvention claims under the Agriculture Infrastructure Fund (AIF). AIFIS enables real-time validation and disbursement of claims, enhancing transparency and speed.

“NABARD’s investment reflects the belief that digital innovation must empower existing last-mile institutions,” said Shri G. S. Rawat, Deputy Managing Director, NABARD. “eKCC is a scalable, field-ready solution.”

Ranjeet Gautam, Founder & CEO of 24x7 Moneyworks, commented, “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.