MSMEs should be made more aware of the risks associated with frictionless credit: Vayana Network’s Ram Iyer
The Reserve Bank of India (RBI) in August launched a pilot project, “Public Tech Platform for Frictionless Credit”, to enable delivery of frictionless credit by facilitating seamless flow of required digital information to lenders. It will have an open architecture to which all financial sector players can connect seamlessly in a “plug and play” model. …