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AA framework facilitates Rs 42,300 crore in loans since launch: Sahamati
Update / Judgement Date
16 Sept 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
The Account Aggregator (AA) framework, facilitated by Sahamati, has successfully enabled the disbursement of Rs 42,300 crore in loans since its launch. The framework aims to enhance financial inclusion and streamline the loan approval process by providing a secure and efficient way to share financial data. This achievement highlights the impact of technological advancements in financial services and the role of innovative frameworks in improving access to credit. The AA framework represents a significant step forward in financial technology and data management, supporting a more transparent and accessible lending ecosystem.