Chandigarh, Jan. 31 -- In a move aimed at removing administrative bottlenecks in agricultural lending, the Haryana government plans to start a technology-driven rural credit system that will free farmers from running back and forth between banks and revenue offices for loan-related documentation. This was stated by Financial Commissioner, Revenue (FCR) Sumita Misra on Friday.

The FCR said that the state government will soon sign a memorandum of understanding with the Reserve Bank of India to develop one of India's most advanced integrated farm credit systems. Under this framework, sanction of agricultural loans will be directly linked with digitised land records, ensuring seamless coordination between financial institutions and the reven...