Going Digital: Lending in India

Description:

The India stack towards digital lending eases the steps involved in loan origination. For instance, apart from enabling real-time KYC through Aadhaar, the e-sign functionality enables lenders to execute loan documents digitally. The government’s new initiative, DigiLocker, aims to dematerialize personal records so users needn’t carry sensitive personal documents for business or education loans, travel and so on. The stack provides consent for loan authentication, execution of documents and for performing cash transactions on demand.