Safal Odisha Portal | safal.odisha.gov.in
The single loan platform, known as Safal Odisha Portal 2023 for the farmers of the state, has been officially launched by the Chief Minister of Odisha, Mr. Naveen Patnaik on 26 October 2022. Using the portal, farmers and business owners involved in agriculture will have access to over 300 exclusive term loan solutions.
According to the Chief Minister, the portal has the potential to completely revolutionize the way credit is extended to farmers and other owners of agricultural produce.
In this article, we will share all the important information related to the Safal Odisha Portal like its benefits, objectives, registration process, etc. If you wish to know the information related to this portal then read this article till the end.
Safal Odisha Portal
Agriculture is the most important economic activity and mainstay of the state of Odisha. The expansion of the agriculture industry has been given top priority, thanks to a comprehensive agricultural policy and efforts made by the government. Safal stands for Simplified Application for Agriculture Loan, this portal is aimed at improving the lives of farmers.
Through this portal, loan products of more than 300 different terms can be used by agri-entrepreneurs and farmers. It is an application process that has been simplified and will be supplied by over 40 partner institutions.
Through the use of this portal, which acts as a one-stop shop for various requirements, farmers and agribusiness owners can access formal sector loans from public and private sector banks, regional rural banks, state cooperative banks, and small finance banks.
Once the farmer is registered under the web portal, it sends alerts to the farmers at each stage of the loan application process, keeping them updated at all times.
| Name of Scheme | Safal Odisha Portal 2023 |
| Launched By | The Chief Minister of Odisha Mr.Naveen Patnaik |
| Beneficiaries | Farmers and Business people in the agricultural Industry |
| Benefits | Support the growth and maintenance of the agriculture industry. |
| Official Website | safal.odisha.gov.in |
The objective of the Safal Odisha Portal
Agriculture and its accompanying industries are of paramount importance to the state of Odisha, The portal was launched to help farmers and other persons working in the agriculture industry increase their income and improve their access to better services.
Advantages of the Safal Odisha Portal
- Farmers
- The easier loan application process
- Better visibility on the type of loan products offered by banks
- Ability to prepare quality DPRs by referring to model DPRs available on the portal
- Handholding support by the govt to loan-seeking farmers and agri- entrepreneurs
- Banks
- Access to a large pool of loan seekers
- Better quality applications because of the provision of model DPRs to farmers
- Visibility of the status of loan applications from the branch to the headquarter level
- No need for manually digitizing sanctioned applications into the Core Banking System
- Access to the independently calculated Agri-credit score of the loan seeker.
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Eligibility Criteria
- The applicant must be a resident of Odisha state.
- Applicant must be Farmer Agri-entrepreneur.
- Age requirements may vary from scheme to scheme.
Required Documents
- Aadhar Card.
- Residential proof
- Mobile number
- Email ID
How to Register?
- First, visit the Official Website Safal Odisha Portal.
- The homepage will open on your screen.
- On the homepage click on the Register Now option.
- A new page will open on your display.
- Enter your Aadhar number.
- Now enter your Phone number and Email ID.
- Click on the register option.
How to Login?
- First, visit the Official Website Safal Odisha Portal.
- The homepage will open on your screen.
- On the homepage click on the Login option.
- After clicking choose whether you are a farmer/an agri-entrepreneur or an officer Login.
- A new page will appear.
- Enter the Aadhar number and click the Login button.
- Now enter your phone number number.
- Click on the Login option.
How to Apply for a Loan?
- First, visit the Official Website Safal Odisha Portal.
- The homepage will open on your screen.
- On the homepage click on the Apply For Loan option.
- A new page will open.
- On this page Select District, select block, and then select the bank.
- After that, click on the Submit option
- All the listed banks that can provide loans will be displayed.
- Choose any bank on the given list
- Now you see different segments and also see eligibility by clicking on them.
- Click on the selected segment and click on apply for loan option.
How to Track Application Status?
- First, visit the Official Website Odisha Safal portal.
- The homepage will be displayed.
- On the homepage, you will find the application status box.
- Enter the application reference number.
- Now click on the Check Status option.
- Application Status will be displayed on your screen.
Some Important FAQs Answer
How do I know which form to fill out for which bank loan product?
Once you select the Bank and the bank loan product, post clicking on ‘Apply’ you will be redirected to the form which can be filled you in order to apply for the loan.
Can I save my application and submit it at a later time?
Yes, you can save the application as a draft and you can continue the application whenever you click on the apply button for that bank loan product again.
What is the approval process after the submission of my application?
Once the applicant submits the application, it is received by the branch manager.
Based on the levels in the hierarchy of a bank, the application is marked up to the higher-level banks and banking officials.
The application can be reverted, sanctioned, or rejected.
Will I receive any notification at different stages of the application?
After each step, you will be sent an SMS and an Email notifying you of the status and next steps that require any verification or activity.