Last month, RBI, during the course of the monetary policy committee announcement on interest rates, said that pre-sanctioned credit line would be made available via UPI. With this, a pre-sanctioned approval acts as a digital credit-card to millions who may not have one. In an age of buy now-pay later, RBI’s recent measure helps create a win-win situation for all – MSMEs, individuals as well as banks.source https://economictimes.indiatimes.com/industry/banking/finance/banking/view-rbis-credit-on-upi-plan-can-create-a-win-win-situation-for-all/articleshow/99975636.cms
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