The Reserve Bank of India (RBI) is set to roll out the Unified Lending Interface (ULI) across the country, aiming to revolutionize the lending space by digitizing credit access.
RBI Governor Shaktikanta Das announced that ULI will primarily benefit the agricultural and MSME sectors, making credit more accessible and seamless. Following the successful pilot launch last year, ULI is expected to have a transformative impact similar to the Unified Payments Interface (UPI), creating a 'new trinity' of JAM-UPI-ULI in India's digital infrastructure.