RBI governor Shaktikanta Das recently announced a new measure where users of the unified payments interface (UPI) can avail of a pre-sanctioned credit line through banks. In other words, users or borrowers can avail of funds from a bank-approved credit line through UPI. This was among the major announcements made at the first monetary policy review of the fiscal year 2023-24. Here is an explainer to understand the development in detail.