India, June 24 -- The finance ministry's department of financial services (DFS) and officials of the Reserve Bank of India (RBI) held a meeting with various stakeholders yesterday on scaling up the planned Unified Lending Interface (ULI).

ULI is a new digital public infrastructure aimed at transforming and streamlining credit delivery across India. This technology-driven platform is being developed to overhaul how credit (loans) is delivered and accessed across the country.

Currently, ULI is in its testing phase and its nationwide launch is awaited.

Participants at the meeting included M Nagaraju, secretary, department of financial services, RBI deputy governor T Rabi Sankar, senior officials from 13 ministries and departments of the U...