RBI to launch pilot for ‘Public Tech Platform’ on August 17

The Reserve Bank will launch a pilot project for ‘Public Tech Platform’ that seeks to facilitate credit through seamless flow of required digital information to lenders.

During the pilot, the platform would focus on products such as Kisan Credit Card loans of up to Rs 1.6 lakh per borrower, dairy loans, MSME loans (without collateral), personal loans and home loans through participating banks, the central bank said in a statement.