Reserve Bank of India to launch pilot for ‘Public Tech Platform’ on Aug 17

Mumbai: 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.

The platform would enable linkage with services such as Aadhaar e-KYC, land records from onboarded state governments (Madhya Pradesh, Tamil Nadu, Karnataka, Uttar Pradesh, and Maharashtra), satellite data, PAN validation, Aadhaar e-signing and house/property search data, among others.