Digital Loan Service Will Begin Soon: Under the leadership of Prime Minister Narendra Modi, the central government is preparing to offer another special scheme under Digital India. The government will launch Digital Loan Service in the current year. Telecom and IT Minister Ashwini Vaishnav have given this information on Thursday. He told that with the digital loan service, even small street vendors will be able to take loans from big banks. Union IT Minister Ashwini Vaishnav said these things while addressing the 'Digital Payment Festival'.
Digital loan service will start on the lines of UPI: Ashwini Vaishnav
Addressing the Digital Payment Festival on Thursday, the IT Minister said that the digital loan service will be introduced on the lines of UPI. He said that digital loans will be a big achievement under Prime Minister Narendra Modi's 'Digital India' mission. Announcing the launch of digital loan service this year, IT Minister Ashwini Vaishnav said that the National Payment Corporation of India (NPCI) will be ahead in the next 10 to 12 years.
Indians living in these 10 countries will get UPI payment service
On Thursday, the IT minister unveiled the voice-based payment system prototype for the Unified Payment Interface (UPI) during the Digital Payment Festival. On this occasion, IT Ministry Secretary Alkesh Kumar Sharma said that UPI will become a product for payment services across the world. During this, he told that NPCI has already started a partnership for UPI payment products with many countries including Nepal, Singapore and Bhutan. The Secretary of the IT Ministry told that in the coming days, the UPI payment product will be available for NRIs living in 10 countries. The countries in which this payment product will be launched for NRIs include the names of Australia, Canada, Hong Kong, Oman, Qatar, Saudi Arabia, Singapore, UAE, the UK and America.
