Informative

RBI Picks 5 Entities Under Regulatory Sandbox Scheme

Update / Judgement Date

28 Jul 2024

Source

News18

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingFinancial ManagementMSME & UdhyamRBIStart-Up & DPIIT

The Reserve Bank of India (RBI) has selected five entities for its regulatory sandbox scheme to enhance MSME lending. These entities include New Street Technologies, Rupifi Technology Solutions, Small Industries Development Bank of India (SIDBI), SysArc Infomatix, and ZikZuk Technologies. The selected projects feature innovative solutions like blockchain middleware, real-time working capital access, fintech applications for invoice-based finance, and digital loan processing systems. This initiative aims to promote technological advancements and streamline credit access for small and medium enterprises

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RBI Picks 5 Entities Under Regulatory Sandbox Scheme

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