The Reserve Bank of India (RBI) has introduced a new platform called the Unified Lending Interface (ULI) to make it easier and faster for rural and small borrowers to get credit. The introduction of this platform is aimed at speeding up the process of giving loans, particularly to those in rural areas and small-scale borrowers who often face delays and challenges in securing financial assistance. RBI Governor Shaktikanta Das announced the launch of ULI, and said that the platform is expected to meet the large and currently unmet demand for credit in sectors like agriculture and micro, small, and medium enterprises (MSMEs). "ULI will facilitate the smooth flow of digital information, such as land records from various states, directly to lenders. This will help in reducing the time taken for credit appraisals, especially for smaller and rural borrowers," said Das. The governor also mentioned that the platform would be rolled out across the country soon, making it accessible to a wider audience.