Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Contact Info
Unit 266, 267 & 268, Tower B1, Spaze Itech Park Sohna Road Gurugram, Haryana 122018 connect@complinity.com +91 8181 900 600
Follow Us

A Multi-Concept Theme for Digital Agencies and Startups

8181 900 600 Request a Demo Login
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
logo dark logo light logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Contact Sales
Mobile Logo
  • Products
    • Compliance Management Software
    • Contract Management Software
    • Secretarial Compliance Software
    • Litigation Management Software
    • Audit Management Software
    • Internal Financial Control Software
    • Enterprise Risk Management Software
  • Pricing
  • Industries
    • Pharmaceutical
    • Hospitality
    • BFSI
    • Manufacturing
    • NBFC
    • Renewable Energy
    • Agriculture
    • ITeS
    • Real Estate
    • Automobile
  • Legal Updates
  • Blogs
  • Videos
  • Downloads
  • Careers
Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Pilot Project for Public Tech Platform for Frictionless Credit

14-Aug-2023 | Press Release: 2023-2024/750

Reserve Bank of India (RBI) has issued a Press Release regarding the launch of a Pilot Project for a Public Tech Platform aimed at achieving frictionless credit processes.

As outlined in the Statement on Developmental and Regulatory Policies released on August 10, 2023, the RBI has introduced plans to develop a Public Tech Platform for Frictionless Credit. This innovative platform is being developed by the Reserve Bank Innovation Hub (RBIH), which is a wholly owned subsidiary of the RBI.

Key points of the Press Release are as follows:

1. Open Architecture: The platform will be built with an open architecture, open Application Programming Interfaces (APIs), and standardized protocols. This approach encourages all participants in the financial sector to seamlessly connect to the platform, following a "plug and play" model.

2. Pilot Project: The platform is initially being introduced as a pilot project. It will be rolled out in a carefully calibrated manner, focusing on specific access to information providers and use cases.

3. Initial Focus Areas: The pilot project will concentrate on select products such as Kisan Credit Card loans (up to Rs.1.6 lakh per borrower), Dairy Loans, collateral-free MSME loans, Personal loans, and home loans offered through participating banks. The platform will also facilitate linkages with various services, including Aadhaar e-KYC, land records from State Governments (Madhya Pradesh, Tamil Nadu, Karnataka, Uttar Pradesh, and Maharashtra), Satellite data, PAN Validation, Aadhaar e-signing, data aggregation by Account Aggregators, milk pouring data from specific dairy cooperatives, and house/property search data.

Expansion Plans: Based on the insights gained from the pilot project, the platform's scope and coverage will be expanded to include more products, information providers, and lenders.

Commencement of Pilot: The pilot phase of the Public Tech Platform is set to commence on August 17, 2023.

Upgrade to paid version to access the Notification, Circular & Rules along with the checklist

Get Legal Updates in your email

Request a Demo

Recent Posts in Corporate Laws

Corporate Laws

NPCI issues System changes in NRCS to mandate submission of supporting evidence for Dispute Resolution

06-Apr-2026 | NPCI/2026-27/NETC/001

NPCI has issued the System changes in NRCS to mandate the submission of supporting evidence for Dispute Resolution, effective from 15th May

Read More
Corporate Laws

NSDL- Updates for Implementation of Section 51A of UAPA, 1967: Updates to UNSC?s 1267/ 1999 ISIL (Da'esh) & Al-Qaida Sanctions List

07-Apr-2026 | NSDL/POLICY/2026/0050

NSDL has issued a circular on the Updates for Implementation of Section 51A of UAPA, 1967: Updates to UNSC?s 1267/ 1999 ISIL (Da'esh) & Al-Q

Read More
Corporate Laws

NSDL- Enhancement in DPM-SHR System for providing Form 121

09-Apr-2026 | NSDL/CIR/II/21/2026

NSDL has issued a circular on the Enhancement in DPM-SHR System for providing Form 121 (Exemption from Tax Deduction) for income streams, vi

Read More
Corporate Laws

NSDL has reiterated the SEBI circular on Relaxation from SEBI Regulations on non-compliance with the MPS requirements

09-Apr-2026 | Circular No.: NSDL/CIR/II/20/2026

NSDL has reiterated the SEBI circular on the Reiteration of SEBI circular on Relaxation from SEBI Regulations on non-compliance with the MP

Read More

Recent Posts

Industry Specific-Education

Submission of List of Candidates (LOC) and Examination Fee for Class X Second Board Examination 2026

15-Apr-2026 | CBSE/LOC/X/2025-2026

This notification states that schools are required to submit the List of Candidates (LOC) and remit the prescribed examination fee for the C

Read More
Corporate Laws

NPCI issues System changes in NRCS to mandate submission of supporting evidence for Dispute Resolution

06-Apr-2026 | NPCI/2026-27/NETC/001

NPCI has issued the System changes in NRCS to mandate the submission of supporting evidence for Dispute Resolution, effective from 15th May

Read More
Corporate Laws

NSDL- Updates for Implementation of Section 51A of UAPA, 1967: Updates to UNSC?s 1267/ 1999 ISIL (Da'esh) & Al-Qaida Sanctions List

07-Apr-2026 | NSDL/POLICY/2026/0050

NSDL has issued a circular on the Updates for Implementation of Section 51A of UAPA, 1967: Updates to UNSC?s 1267/ 1999 ISIL (Da'esh) & Al-Q

Read More
Corporate Laws

NSDL- Enhancement in DPM-SHR System for providing Form 121

09-Apr-2026 | NSDL/CIR/II/21/2026

NSDL has issued a circular on the Enhancement in DPM-SHR System for providing Form 121 (Exemption from Tax Deduction) for income streams, vi

Read More
Request a Demo

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Complinity Logo Transparent

Complinity is a comprehensive cloud-based Compliance Management Software that helps track and monitor statutory and regulatory compliances.

Quick Links
  • Compliance Software
  • Regulatory Compliance Software
  • Statutory Compliance Software
  • Compliance Tracking Software
  • Legal Updates
Contact Info
Unit 266, 267 & 268, Tower B1
Spaze Itech Park, Sohna Road
Gurugram, Haryana 122018
connect@complinity.com
+91 8181 900 600

Request a Demo

© 2026 Complinity Technologies Private Limited. | Privacy Policy | Data Processing Addendum

Design & Developed By  Infinite IT Solutions

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy
Powered by EssentialPlugin

Request a Demo

By clicking Submit, you acknowledge that you have read and agree with the Privacy Policy

Thank You for your interest in Complinity. Your CV has been forwarded to HR.
In case your profile is shortlisted, HR shall contact you.