The Public Tech Platform for frictionless credit is an end-to-end digital platform that has been developed by the Reserve Bank Innovation Hub, a wholly-owned subsidiary of the central bank. The platform will also have an open architecture, open Application Programming Interfaces (APIs), and standards, to which all financial sector players can connect in a ‘plug and play’ model. During the pilot program, the platform will focus on products such as Kisan Credit Card loans, dairy Loans, MSME loans (without collateral), personal loans, and home loans through participating banks.
