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NABARD has partnered with the Reserve Bank Innovation Hub’s (RBIH) to integrate its e-KCC loan origination system with the public tech platform for fr
Question

NABARD has partnered with the Reserve Bank Innovation Hub’s (RBIH) to integrate its e-KCC loan origination system with the public tech platform for frictionless credit (PTPFC). Which of the following institutions will benefit from this integration in processing Kisan Credit Card (KCC) loans?
1. District Cooperative Banks
2. State Cooperative Banks
3. Regional Rural Banks (RRBs)
4. Private Banks
5. Urban Cooperative Banks

A.

1, 2, and 3 only

B.

1, 3, and 4 only

C.

2, 4, and 5 only

D.

1, 4, and 5 only

E.

1 and 2 only

Correct option is A

Option (a) is correct. NABARD's partnership with Reserve Bank Innovation Hub’s (RBIH) aims to speed up Kisan Credit Card (KCC) loan processing by integrating its e-KCC system with RBIH’s tech platform. This will reduce loan processing time from four weeks to five minutes.
Key Beneficiaries:
· District Cooperative Banks
· State Cooperative Banks
· Regional Rural Banks (RRBs)

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