Latest JAM convergence News & Updates

AI-Driven Credit Models to Bridge $130-170 Billion Credit Gap in India

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New Delhi, May 13 (IANS) AI‑driven credit models could unlock an estimated credit gap worth $130–170 billion in economic value and reduce MSMEs’ reliance on informal lending, the government said on Wednesday, adding that India’s financial‑inclusion push is being reshaped by the convergence of a strong Digital Public Infrastructure and artificial intelligence.AI models, leveraging consent‑based data sharing and advanced analytics, can strengthen credit assessment and risk management, …