Create UPI like platform for credit: Ashwini Vaishnaw to banks

Create UPI like platform for credit: Ashwini Vaishnaw to banks

Create UPI like platform for credit: Ashwini Vaishnaw to banksDec 5, 2021, 06:23 PM IST

Speaking at the concluding day of the week-long AzadiKaAmritMahotsav organised by the ministry of electronics and IT, Vaishnaw said that firms have instruments such as Aadhaar, UPI, mobile, digiLocker etc at their disposal, and they should come up with proof of concepts in the next three months.

IT minister asks bankers to create robust, digital platform for easy credit availability to small businessesDec 5, 2021, 03:44 PM IST

The building blocks required to create such a platform are already available, given the strong ecosystem of Aadhaar, mobile phones, UPI platform and digilocker, he said asking the banking industry to come up with innovative idea and solutions in three months.

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