Central Government Establishes Public Tech Platform for Credit Access
The Central Government utilizes statutory powers to introduce a tech platform for seamless credit access.
The platform, named "Public Tech Platform for Frictionless Credit," aims to facilitate information sharing.
It operates under the purview of the Central Goods and Services Tax Act and the Integrated Goods and Services Tax Act.
The system enables data sharing through a common portal based on user consent.
"Public Tech Platform for Frictionless Credit" is designed to streamline credit operations within a robust ecosystem.
It aligns with the Reserve Bank of India's vision for a digital credit infrastructure, enhancing access to financial services.
Developed by the Reserve Bank Innovation Hub, the platform adopts standardized protocols and an open API framework.