Haryana Revolutionizes Rural Credit: Aadhaar-Linked Loans, Zero Human Intervention

• Haryana to launch a transparent, technology-driven rural credit system, eliminating frequent bank/revenue office visits for farmers.
• The state will sign an MoU with RBI to develop an advanced integrated farm credit system, linking loan sanctioning directly with digitized land records.
• Farmers will only need their Aadhaar number to access loans; land particulars will be automatically fetched from digital records.
• Phase one focuses on Kisan Credit Card loans, with Aadhaar authentication auto-fetching land details and recording loan entries instantly.
• The system ensures zero human intervention, real-time tracking, and acts as a safeguard against fraud by detecting forged documents.

Why It Matters: Haryana introduces a groundbreaking Aadhaar-linked, digitized rural credit system for farmers, ensuring transparency and efficiency.