Krishi Tatkal Rinn Qorus-Infosys Finacle Banking Innovation Awards 2024

The solution Krishi Tatkal Rin Yojana is developed to provide the Existing to Bank (ETB) Borrowers (farmers) a top-up emergency fund which can be used in any means to accelerate the growth and productivity of their crops.

The eligible customers of the bank can go to portal and apply KTR. Portal is integrated with CIBIL through API which will provide the details of defaults loan if any of the customer by giving their consent through OTP. Only KCC accounts of Existing to Bank (ETB) Borrowers having satisfactory track record of at least two years (i.e., KCC account shall be in Std/SMA0/CBR0 during last two years; necessary data will be pulled from EDW/CBS) will be displayed Customers having any existing loan under Krishi Tatkal Rin Yojana will be excluded.

Loan Details will be displayed for Existing to Bank (ETB) Borrower including Loan Amount (in multiples of 100) [Lowest of a) 25% of Total KCC Sanctioned Limit or b) Loan Amount Required or c) Rs 50000), Interest Rate, Repayment Period, Repayment Schedule, Key Fact Statement & Terms & Conditions.

Existing to Bank (ETB) Borrowers will also click on CIR check box as consent for drawing of CIR and applicable charges will be deducted from the operative account

E-signing (CBS OTP Based) facility is given to the Existing to Bank (ETB) Borrowers for e-signing of document. Data will be pushed to CBS for automatic Loan Sanction, Account opening Disbursement & marking of Standing Instruction (Sl) (As operative account). Generation of e-signed Sanction Letter, Loan Document & Key Fact Statement for the use of borrower & for branch to place the same on record.