NABARD Acquires 10% Stake in 24×7 Moneyworks Consulting

Current Context: On April 23, 2025, NABARD acquired a 10% stake in 24×7 Moneyworks Consulting, an innovative agri-fintech startup.

• This marks NABARD's first-ever investment in a bootstrapped startup. ‘
• The company's flagship platform, eKisanCredit (eKCC), streamlines the rural credit lifecycle for institutions like Cooperative Banks, PACS, and Regional Rural Banks (RRBs).
• It leverages digital tools such as land record integration, Aadhaar-based eKYC, and core banking systems to ensure faster and more transparent agricultural credit delivery.
• The collaboration aims to benefit small and marginal farmers by simplifying access to credit and promoting financial inclusion in rural areas.

Question:

Q.1 What percentage stake did NABARD acquire in 24x7 Moneyworks Consulting on April 23, 2025?
a) 10%
b) 8%
c) 15%
d) 20%

Answer: a) NABARD acquired a 10% equity stake in 24x7 Moneyworks Consulting, as stated in the provided information.