The Department of Land Resources (DoLR) is exploring the integration of digital land records with the Unified Lending Interface (ULI), according to a release by the Ministry of Rural Development. The move will enable faster, secure, and consent-based access to institutional credit, particularly for farmers and rural citizens.
The department held a high-level meeting with the RBI Innovation Hub (RBIH) to explore convergence of Digital Public Infrastructure for land governance and digital lending. The meeting was chaired by DoLR Secretary Narendra Bhooshan, who interacted with RBIH Chief Executive Officer Sahil Kini and other senior officials.
The discussions focused on creating synergies between the department's digital land governance initiatives and the ULI to enable seamless, secure, and consent-based credit delivery for farmers and rural citizens. Participants discussed how authenticated and interoperable digital land records could improve access to institutional credit.
Areas of collaboration included enabling secure access to authenticated digital land records and accelerating digital delivery of Kisan Credit Cards and other agricultural loans. Reducing transaction costs and loan processing time was also a key agenda.
Risk Management And Data Standards
The discussions also covered measures to strengthen risk management through mortgage information and flag-marking mechanisms. These are meant to help prevent multiple financing against the same land parcel. The meeting also focused on promoting financial inclusion by enabling land records to function as trusted digital assets for accessing formal credit.
It further emphasised the need to adopt common data standards and ensure API interoperability. Participants also discussed expanding the use of the Unique Land Parcel Identification Number (ULPIN), also known as Bhu-Aadhaar, and strengthening collaboration between land governance and financial sector stakeholders.
The ministry said the Department of Land Resources has reaffirmed its commitment to working with the RBI Innovation Hub and other stakeholders. The goal is to build a secure, interoperable, and citizen-centric Digital Public Infrastructure. This is expected to strengthen land governance while expanding access to formal credit across rural India. |
