Streamlining Loan Distribution Process in Agriculture Sectors

Agriculture is the keystone of human civilization and consistently improving the livelihood of rural population. As the production cost of agriculture products does not match with the return on investment, many schemes are populated by the governments of different countries to help the farmers. Though many strategies are followed to improve the financial status of farmers by promoting the production of agriculture products to face the societal demand, few undesired malfunctioning spoils the success of the entire scheme. To overcome this kind of issue, blockchain technology can be involved in all the phases of subsidies. Blockchain helps in maintaining all the loan distribution details as immutable. This helps in streamlining the agriculture credit distribution process.