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G20 summit: Guests will see cashless kiosks & other innovations
Rajesh Bansal, CEO of RBI’s Innovation Hub, said the central bank will showcase how it uses the PTFC platform to provide frictionless credit to farmers. "This aims to cut down the time for giving small-time credit (loans) to farmers from the existing 4-6 weeks to just a few minutes. The platform fetches land records and dairy data of farmers after they authenticate their identity through Aadhar."
Rajesh Bansal, CEO of RBI’s Innovation Hub, said the central bank will showcase how it uses the PTFC platform to provide frictionless credit to farmers. “This aims to cut down the time for giving small-time credit (loans) to farmers from the existing 4-6 weeks to just a few minutes. The platform fetches land records and dairy data of farmers after they authenticate their identity through Aadhar.”
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