Finmin Holds Meet to Fast-Track ULI

The officials of the finance ministry and the Reserve Bank held a meeting with various stakeholders, including state government representatives, on ways to scale up Unified Lending Interface (ULI) as it has the potential to transform the credit delivery mechanism.

- PRESS TRUST OF INDIA

ULI is a new digital public infrastructure (DPI) designed to streamline the lending process, similar to UPI in the payment space. It is a technology platform built to facilitate easy access to authenticated data from various sources, through standardized APIs to which all lenders can connect seamlessly through a 'plug-and-p