DoLR and RBIH Explore Land Records on ULI for Farm Credit
Why in the news
The land resources department and the central bank’s innovation arm met to explore combining land data with a digital lending platform.
Key facts
- Parties: Department of Land Resources (DoLR) and RBI Innovation Hub (RBIH).
- Platform: Unified Lending Interface (ULI).
- Idea: connect digital land records to ULI.
- Lending model: secure and consent-based, relying on authenticated land records.
Significance
- Aims to widen farmers’ access to institutional credit.
- Verified land records can make digital lending safer.
Exam angle
- Innovation arm of RBI: RBI Innovation Hub.
- Lending platform named: Unified Lending Interface.
- Beneficiaries: farmers.