Over 600k loans worth Rs 27,000 cr disbursed on ULI platform: RBI report

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Borrowers, in turn, receive access to more personalised and inclusive financial products, making borrowing simpler and more accessible.

Previously, former RBI Governor Shaktikanta Das had remarked that ULI would transform the lending space, much like how the Unified Payments Interface revolutionised the payments ecosystem.

The pilot for ULI, earlier known as the Public Tech Platform for Frictionless Credit, commenced on August 17, 2023.

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Category: BusinessFinance

Markets: India

Topics: Digital lending India Digital cattle loans Seamless credit delivery Plug-and-play APIs RBI trend and progress report 2024 Shaktikanta Das ULI E-Mudra loans Rs 27 RBI lending platform ULI platform Financial data APIs Rural borrower credit access Kisan credit card loans MSME loans India Inclusive financial products 000 crore loans Public tech platform lending Frictionless credit platform UPI-like infrastructure for loans Unified Lending Interface RBIH innovation

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 19:02:02 (16 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © Business Standard

News ID: 24673585

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