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The Economic Times
The Economic Times
Business

Global Fintech Fest 2026: DFS Secretary Sanjay Lohiya unveils UPI credit for KCC, MUDRA borrowers

DFS UPI KCC fintech Bank of Baroda Punjab National Bank State Bank of India UCO Bank Union Bank of India Canara Bank

Kisan Credit Card (KCC) and PM MUDRA Yojana borrowers can now use their sanctioned credit limits to make merchant payments through UPI, in a move that could put formal credit directly into the hands of farmers and small businesses at the point of purchase.

The facility, unveiled by Department of Financial Services (DFS) Secretary Sanjay Lohiya at Global Fintech Fest 2026 on Wednesday, extends the Reserve Bank of India’s ‘Credit Line on UPI’ framework to the two government-backed credit schemes.

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