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Reserve Bank of India launches innovative public tech platform for effortless credit

During the initial pilot phase, the platform will emphasise various financial products including Kisan Credit Card loans up to Rs 1.6 lakh per borrower, Dairy Loans, unsecured MSME loans, personal loans, and home loans, all facilitated through participating banks
Tamil Nadu Uttar Pradesh United States Madhya Pradesh Karthikeyan Krishnaswamy Bank Innovation Hub

RBI to launch pilot on Public Tech Platform for frictionless credit: Soon, you will get loans in a few minutes; how it works

The Public Tech Platform for frictionless credit is an end-to-end digital platform that has been developed by the Reserve Bank Innovation Hub, a wholly-owned subsidiary of the central bank. The platform will also have an open architecture, open Application Programming Interfaces (APIs), and standards, to which all financial sector players can connect in a ‘plug and play model. During the pilot program, the platform will focus on products such as Kisan Credit Card loans, dairy Loans, MSME l...
Madhya Pradesh Tamil Nadu Uttar Pradesh Souparno Bagchi Bank Innovation Hub Reserve Bank

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Shaktikanta Das: RBI to launch pilot for 'Public Tech Platform' on Aug 17

The Reserve Bank will launch a pilot project for Public Tech Platform that seeks to facilitate credit through seamless flow of required digital information to lenders. During the pilot, the platform would focus on products such as Kisan Credit Card loans of up to Rs 1.6 lakh per borrower, dairy loans, MSME loans (without collateral), personal loans and home loans through participating banks, the central bank said in a statement.
Madhya Pradesh Uttar Pradesh Tamil Nadu Shaktikanta Das Bank Innovation Hub Reserve Bank

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