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RBI Innovation Hub pilots digital unsecured loans for gig workers

2024-12-29 20:04:25| The Economic Times

The Reserve Bank of India Innovation Hub has partnered with Vivifi Finance for a pilot project to provide unsecured loans to gig workers, including cab and food delivery drivers. The project uses alternate data for loan underwriting and aims to integrate these workers into formal banking channels. Future plans include linking the system with the Unified Lending Interface.


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