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Who launched the common credit portal 'SAFAL' (Simplified Application for Agricultural Loans) for the welfare of farmers on 27th Oct 2022?
A)
Droupadi Murmu
B)
Nitish Kumar
C)
Naveen Patnaik
D)
YS Jagan Mohan Reddy

Correct Answer :   Naveen Patnaik


Odisha Chief Minister "Naveen Patnaik" on Thursday(27th Oct 2022) launched a common credit portal 'SAFAL' (Simplified Application for Agricultural Loans) for farmers with access to 300 term loan products.
 
SAFAL is an abridged application for agricultural loans that will enable farmers and agri-entrepreneurs to access over 300 term loan products from more than 40 partner banks.
 
"SAFAL is a simplified application for agricultural loans and it is the country’s first online agricultural credit facilitation portal," informed CMO.

COMMON CREDIT PORTAL FOR FARMERS : 
 
Elated over the launch of the portal, Patnaik said the application is a one-stop-solution for farmers and agri-entrepreneurs to avail credit from public and private sector banks, regional rural banks, state cooperative banks and small finance banks.
 
Besides, it has been integrated with Krushak Odisha as well as access to 70 plus model project reports, the CM said. It will ease the loan application process, benefiting both the farmers and banks significantly, stated the press release.
 
The portal will also reduce information asymmetry by sending farmers real-time notifications at every stage of their loan application, he assured.
 
CM further said that 'SAFAL' will also provide the government with complete visibility of demand and disbursal of formal credit across states and ensure schemes are designed in a data-backed manner..

Source : India Today

Published On : October 28, 2022
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