India’s small businesses and women entrepreneurs face significant barriers to credit access. In response, the RBI launched the Unified Lending Interface (ULI) in August 2023 to simplify lending, using alternative data points to assess creditworthiness. By leveraging digital tools like the JAM Trinity, ULI aims to boost financial inclusion, streamline loan processing, and empower underserved borrowers, including women and MSMEs.
India’s small businesses and women entrepreneurs face significant barriers to credit access. In response, the RBI launched the Unified Lending Interface (ULI) in August 2023 to simplify lending, using alternative data points to assess creditworthiness. By leveraging digital tools like the JAM Trinity, ULI aims to boost financial inclusion, streamline loan processing, and empower underserved borrowers, including women and MSMEs.