Chandigarh, Jan 30 || In a major reform aimed at removing long-standing administrative bottlenecks in agricultural lending, the Haryana government is set to launch a transparent and technology-driven rural credit system that will free farmers from the routine of running between banks and revenue offices for loan-related documentation, said state Financial Commissioner (Revenue) Sumita Misra on Friday.
The government will soon sign a memorandum of understanding with the Reserve Bank of India to develop one of India’s most advanced integrated farm credit systems.
Under this framework, sanction of agricultural loans will be directly linked with digitised land records, ensuring seamless coordination between financial institutions and the revenue administration.
Sharing details of the initiative, Sumita Misra said the new system represents a fundamental shift in the way agricultural credit is delivered. She said farmers will now need only their Aadhaar number to access loans, as all land-related particulars will be automatically fetched from the state’s digital record.
“This is not just a technological upgrade but a complete reimagining of public service delivery for farmers. The long-standing patwari-tehsil-bank cycle that caused delays will be eliminated,” she said in a statement.