‘Create robust, digital platform for easy credit availability to small biz’

IT Minister Ashwini Vaishnaw on Sunday exhorted the banking business to create an revolutionary digital platform — as highly effective, seamless and strong as UPI — for offering fast and straightforward credit score to MSME, small businessmen, and people on the backside of pyramid.
The constructing blocks required to create such a platform are already out there, given the robust ecosystem of Aadhaar, cell phones, UPI (Unified Payments Interface) platform and digilocker, he stated asking the banking business to give you revolutionary thought and options in three months.
Vaishnaw was talking at ‘Digital payment Utsav’ which was a part of a weeklong showcase of India’s achievements in digital area titled ‘Azadi ka Digital Mahotsav’ within the capital.
Throwing a “challenge” on the bankers current within the viewers, the Minister stated: “Can we create a platform as powerful, seamless, good, as digital as UPI platform for providing very quick and easy credit to the MSME, small industries, small businessmen…people really at bottom of pyramid.”
With PTI