Module: General Practice
Q35: The Reserve Bank of India (RBI), supported by Budget 2026, is rolling out the "Unified Lending Interface" (ULI). What is the primary function of the ULI platform?
✅ Correct Answer: B
ULI enables "Frictionless Credit" via seamless data flow.
Often called the "UPI for Credit," ULI is a digital platform designed to speed up loan approvals, especially for rural borrowers.
Currently, a farmer needs to physically fetch land records to get a loan.
ULI connects the Lender (Bank) directly to the Data Provider (State Land Record Database, Satellite Data) via standard APIs.
It does not replace the Account Aggregator (which handles financial data like bank statements). ULI handles non-financial data (land, weather, satellite info) critical for agri/MSME credit.
Often called the "UPI for Credit," ULI is a digital platform designed to speed up loan approvals, especially for rural borrowers.
Currently, a farmer needs to physically fetch land records to get a loan.
ULI connects the Lender (Bank) directly to the Data Provider (State Land Record Database, Satellite Data) via standard APIs.
It does not replace the Account Aggregator (which handles financial data like bank statements). ULI handles non-financial data (land, weather, satellite info) critical for agri/MSME credit.