India advocates for unified lending interface
India is developing the Unified Lending Interface (ULI), a new digital system designed to speed up and simplify how people get loans.
Led by the Department of Financial Services and RBI, ULI connects real-time government records so lenders can quickly verify info and make faster decisions—especially helping out underserved segments, which may include small businesses and farmers who usually face more hurdles.
ULI aims to make credit more accessible
If you've ever felt that getting a loan is just too complicated, ULI could be a game-changer. By cutting paperwork and using secure, consent-based data, it aims to make credit more accessible for everyone.
Plus, RBI's launching a Digital Payments Intelligence Platform to help keep online finance safe from fraud.
It's all about making money matters simpler—and safer—for all of us.