A processor implemented method, the method comprising: validating and creating, via one or more hardware processors, a plurality of digital farm assets for a plurality of physical farm assets registered by a farmer or a farmer representative, wherein the plurality of physical farm assets comprises at least one cropland; sourcing and recording, via the one or more hardware processors, a farm asset metadata associated with each of the plurality of physical farm assets, wherein the farm asset metadata is used during creation of a plurality of Non-Fungible Tokens (NFTs) associated with the plurality of digital farm assets, wherein the plurality of NFTs represent collaterals available with the farmer; generating, via the one or more hardware processors, a smart contract in a blockchain network defining a plurality of rules and conditions of ownership and one or more transactions associated with the plurality of NFTs for verifying and tracking the ownership, and the one or more transactions and a NFT wallet for the farmer; receiving, via the one or more hardware processors, a request for valuation of a set of NFTs selected by the farmer or the farmer representative from among the plurality NFTs for estimating Credit Eligibility of the farmer for a credit request initiated by the farmer or the farmer representative; validating, via the one or more hardware processors, ownership of the set of NFTs that are registered in a farmer wallet available in the NFT wallet and an exchange server; estimating, via the one or more hardware processors, the CE of the farmer in accordance with the set of NFTs in the farmer wallet in terms of i) Credit Equivalent Value (CEV(cropland)) associated with at least one cropland based physical farm asset within the set of NFTs, and ii) one or more physical farm asset other than the cropland (CEV(non-cropland)); and issuing, via the one or more hardware processors, a sanction of a loan amount from a lending entity for the credit request in accordance with the estimated CE to initiate a credit disbursal via a dynamic disbursement schedule comprising an initial disbursement schedule based on a current status of the set of the digital farm assets that is dynamically altered based on real time data, wherein full or fraction of the NFTs among the set of NFTs to be transferred from the farmer wallet to a loan wallet are proportionate to the amount of the credit disbursal and associated processing charges, service charges or taxes. validating and creating, via one or more hardware processors, a plurality of digital farm assets for a plurality of physical farm assets registered by a farmer or a farmer representative, wherein the plurality of physical farm assets comprises at least one cropland; sourcing and recording, via the one or more hardware processors, a farm asset metadata associated with each of the plurality of physical farm assets, wherein the farm asset metadata is used during creation of a plurality of Non-Fungible Tokens (NFTs) associated with the plurality of digital farm assets, wherein the plurality of NFTs represent collaterals available with the farmer; generating, via the one or more hardware processors, a smart contract in a blockchain network defining a plurality of rules and conditions of ownership and one or more transactions associated with the plurality of NFTs for verifying and tracking the ownership, and the one or more transactions and a NFT wallet for the farmer; receiving, via the one or more hardware processors, a request for valuation of a set of NFTs selected by the farmer or the farmer representative from among the plurality NFTs for estimating Credit Eligibility of the farmer for a credit request initiated by the farmer or the farmer representative; validating, via the one or more hardware processors, ownership of the set of NFTs that are registered in a farmer wallet available in the NFT wallet and an exchange server; estimating, via the one or more hardware processors, the CE of the farmer in accordance with the set of NFTs in the farmer wallet in terms of i) Credit Equivalent Value (CEV(cropland)) associated with at least one cropland based physical farm asset within the set of NFTs, and ii) one or more physical farm asset other than the cropland (CEV(non-cropland)); and issuing, via the one or more hardware processors, a sanction of a loan amount from a lending entity for the credit request in accordance with the estimated CE to initiate a credit disbursal via a dynamic disbursement schedule comprising an initial disbursement schedule based on a current status of the set of the digital farm assets that is dynamically altered based on real time data, wherein full or fraction of the NFTs among the set of NFTs to be transferred from the farmer wallet to a loan wallet are proportionate to the amount of the credit disbursal and associated processing charges, service charges or taxes.