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Odisha CM Launches SAFAL Portal

Published on October 28, 2022
Current Context: The Chief Minister of Odisha, Naveen Patnaik, launched a common credit portal SAFAL (Simplified Application for Agricultural Loans) for the welfare of farmers.
Odisha CM Launches SAFAL Portal
  • Through the SAFAL portal, farmers and agricultural entrepreneurs will be able to access more than 300 term loan products from over 40 partner banks.
  • The portal will act as a one-stop solution to avail formal sector credit from banks.
  • SAFAL will provide complete visibility of demand and disbursal of formal credit in a data-backed manner to the state government.
  • At the event, CM Naveen Patnaik said that the portal will simplify the loan application process, hence significantly benefitting both, the farmers and the bank by reducing information asymmetry.
  • SAFAL has also been linked to the Krushak Odisha portal and will have access to more than 70 model project reports.

Question:

Q.1 Recently SAFAL portal was launched in?
a. West Bengal
b. Madhya Pradesh
c. Rajasthan
d. Odisha
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