How does the United Lending Interface (ULI) address the longstanding challenges of agricultural credit in India?

Unified Lending Interface is a application recently launched to provide a common platform to banks to share the customer data and facilitate loans. ULI will address longstanding challenge of agri credit by : 1) Prove credit worthiness of farmers through data sharing among banks & past credit record. 2) Tackle the problem of documentation by bringing all records on one platform. 3) Facilitate putting agriculture assets as a collateral in taking loans of land, farm machinery. 4) Ease of credit to small and marginal farmers. @ 85% of total