Our special correspondent, Eastern Chronicle 24×7, 26th August 2024.
Mumbai: India, will launch shortly a money lending platforms , to transfer lending amount to Rural, MSME, & small businesses. The demands from various sectors, especially agriculture, msme sectors and various small companies, to met the demands steps to be taken. Said RBI Governor, Mr. Nishi kant Das.
The Unified Lending Interface (ULI) to be launched , to cut the time for credit appraisal, for those borrowers and through digital information.
Rbi governor told that, ULI platform built to assess digital information from diversifying source. ULI to be launch on Rbi’s efforts to digitalize banking system, which will made India a fastest growing system globally.
This system include mobile banking, digital wallets, unified payment interface , which allows users to transfer money in all banks using a mobile device.
“just like UPI, transformed the payments ecosystems, we expect that ULI also will play a similar role, transforming the lending processes in India.”- Mr. Das added.
However, Lending Processed in India shows a slow methods for the Small, Rural borrowers, in the country.
MSME, the sector, which given more than more productions into the country, the MSME, the only sector in the country, which provides Highest Employment to the country from early decades after independence of the country, from last decade & from COVID-19, and from Lock-down the total sector was ruined.
Thus, total productions, exports ratio was slow downed, and unemployed growths rises sky high into the county after independence.
