RBI Governor Shaktikant Das Unveils ULI (Unified Lending Interface) Platform for seamless lending to ease credit for MSMEs & farmers.

Banking & Finance

The Reserve Bank of India (RBI) will launch the Unified Lending Interface (ULI) nationwide in due course, aiming to transform India’s lending sector, similar to how the Unified Payments Interface (UPI) revolutionised the payments ecosystem, Governor Shaktikanta Das said on Monday. The new platform will provide lenders consent-based digital access to customer’s financial and non-financial data — including land records — stored in various silos to help them extend frictionless credit, especially to farmers and micro, small, and medium enterprises (MSMEs).


      “The ‘new trinity’ of JAM-UPI-ULI will be a revolutionary step forward in India’s digital infrastructure journey,” the RBI governor said.

      ULI is expected to cater to large unmet demand for credit across various sectors, particularly for agricultural and MSME borrowers.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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