The Reserve Bank of India (RBI) will commence the pilot for a Public Tech Platform for Frictionless Credit. During the pilot, the platform will focus on products such as Kisan Credit Card loans up to ________per borrower, Dairy Loans, loans to Micro, Small and Medium Enterprises (MSME) without collateral, Personal loans and Home loans through participating banks.
The Reserve Bank of India (RBI) will commence the pilot for a Public Tech Platform for Frictionless Credit. During the pilot, the platform will focus on products such as Kisan Credit Card loans up to Rs 1.6 lakh per borrower, Dairy Loans, loans to Micro, Small and Medium Enterprises (MSME) without collateral, Personal loans and Home loans through participating banks. The platform is expected to enable linkage with services such as Aadhaar e-KYC, Aadhaar e-signing, account aggregation by Account Aggregators (AAs), land records from onboarded State Governments (Madhya Pradesh, Tamil Nadu, Karnataka, Uttar Pradesh, and Maharashtra). The platform will enable linkage with Satellite data, Permanent Account Number (PAN) Validation, Transliteration, Aadhaar e-signing, account aggregation by Account Aggregators (AAs), milk pouring data from select dairy co-operatives, house/property search data, and so on. The Platform is being developed by Reserve Bank Innovation Hub (RBIH), a wholly owned subsidiary of the RBI. For digital credit delivery, the data required for credit appraisal are available with different entities like Central and State governments, account aggregators, banks, credit information companies, digital identity authorities, and so on. However, they are in separate systems, creating a hindrance in frictionless.
________ has launched a supercomputing solution for Artificial Intelligence (AI) training, in partnership with NVIDIA for enabling large enterprises, ...
Which life insurance company has launched SEWA, a plan that covers hospitalization, ICU stay, surgeries, critical illness, and disability, besides life ...
Which of the following tech company has joined the ONDC platform?
For installation of electric vehicle charging from January 2022, which state government has signed with Convergence Energy Services Limited(CESL) ?
Technotex 2023 to be held in _____?
To promote shipment of nutri-cereals, Ministry of Commerce and Industry and which of the following agricultural export promotion body has prepared a com...
In which Indian State is the Nanda Devi peak located?
Hornbill Festival is associated with which state?
Recently which country’s Ex- President has been sentenced to 10 years prison for an alleged plot to oust her rival and predecessor Evo Morales?
PepsiCo India will set up a new manufacturing plant in which state with an investment of Rs 778 crore that will be operational in 2025 and provide e...