Priority lending to frictionless finance: India’s transformation of credit : Dr. M. Jayadev

For decades, India’s policymakers have sought to expand credit access to farmers, small businesses, and low-income households, but could not fully resolve the problem of information asymmetries associated with lending processes.

In his recent thought piece ‘Digitalisation of Bank Credit: India’s Move Towards Frictionless Credit’, for International Banker, Dr. M. Jayadev, Finance & Accounting area, explores how India’s lending ecosystem is being reshaped by rapid innovation in the nation’s digital public infrastructure.