Digital Lenders Association of India


Dlai In Media

The fintech firms have now formed an industrial body, Digital Lenders Association of India, that has laid down a general code of conduct for its members, which is likely to ensure more transparency in this nascent sector. “It’s also to highlight any of the challenges we face and (if we) need ecosystem or government help.

Access to more funding sources, leveraging the government processes to push up demand, easing out online application processes and ensuring free flow of data are few of the major recommendations that have gone out from the Digital Lenders’ Association of India, the industry body for online lending players in the country.

An industry association of digital lenders has asked the government to ease financing norms for them by lowering the pre-securitisation holding period and allowing a higher spread over refinancing rates for non-banking financial companies (NBFCs) under the Micro Units Development & Refinance Agency (MUDRA) scheme.

The Digital Lenders Association of India (DLAI), an industry body consisting of online lenders and non-banking financial companies (NBFCs), said that to underwrite loans efficiently, they require additional access to user data from telecom and banking sector, and data from GST return filings, in recommendations to the finance ministry.

Dlai In Media