Which of the following statements are correct regarding the "Unified Lending Interface (ULI)" to be launched by the Reserve Bank of India (RBI)?
- The ULI will provide lenders with consent-based digital access to both financial and non-financial customer data, including land records.
- The ULI is part of a new trinity in India's digital infrastructure, alongside JAM and UPI.
- The ULI will require borrowers to submit extensive documentation, especially for smaller and rural borrowers.
1
Only statement 1 is correct.
2
Only statements 1 and 2 are correct.
3
Only statements 2 and 3 are correct.
4
All statements are correct.
5
None of the statements are correct.