Digital credit to be rolled out this year; NRIs in 10 countries to get UPI service

NEW DELHI: The government will roll out digital credit service this year which will enable even small street vendors to avail credit from large banks, Telecom and IT Minister Ashwini Vaishnaw said on Thursday.

Speaking at ‘Digital Payments Utsav’, Vaishnaw said it will be rolled out like UPI service and will be a big achievement under Prime Minister Narendra Modi’s vision of ‘Digital India’.

“This year we will be rolling out digital credit and NPCI will take a big lead in that over a period of next 10-12 months. A good construct of digital credit will be created,” Vaishnaw said.