How much loan RBI’s UPI-like lending platform has disbursed in its pilot?

The upcoming lending platform Unified Lending Interface (ULI) by the Reserve Bank of India (RBI) to enable bank credit based on alternate data has disbursed over 6 lakh loans amounting to Rs 27,000 crore under its ongoing pilot as of December 6, 2024, according to a report on banking in India by the central bank.

The ULI (earlier called Public Tech Platform for Frictionless Credit) is a digital public infrastructure in the lending space, which aims to unlock critical financial, non-financial and alternate data, for lenders to enable informed credit decisions.