Digital Lending Committee

Ecosystem

FCC’s Digital Lending Committee plays an active role in the policy making processes. Our members comprises a robust network of over 95 members, including Lending Service Providers (LSPs), Regulated Entities (REs), Non-Banking Financial Companies (NBFCs), and Technology Service Providers in the lending domains. The Committee works in various lending niches such as asset-backed, MSME, educational, green vehicle, Buy Now Pay Later (BNPL), consumer, personal, housing, and gold loans. This diverse mix enables the committee to address and drive cross-industry agendas effectively.

FCC, on behalf of the industry, advocates for various issues emanating from operating in this sector. Bringing all ecosystem stakeholders under one roof, we bridge the gap between the industry and the government, policymakers regulatory bodies to shape the regulatory and supervisory environment that support innovation.

With an aim to tackle operational challenges and respond to regulatory updates. This dynamic approach ensures that the committee remains at the forefront of industry developments and can advocate for the needs and interests of its members.

Our work centers around operational simplification for KYC processes for MSMEs, PAN verification access for LSPs, and enhancing the overall lending ecosystem through initiatives such as streamlining e-mandate registrations, advocating for fair regulatory practices, and fostering collaboration on digital lending frameworks.

Advocacy

FCC’s Digital Lending Committee advocates for regulatory and policy issues by representing to the Government of India, various Ministries and Agencies, Financial Sector Regulators, Law Enforcement Agencies, Standard Setting Bodies, and such other institutions as are relevant for these discussions. Focused working groups within the committee deliberate on instant issues that aid operational bottlenecks for the larger benefit of the ecosystem.

Events

NPCI-FCC-PCI organised Global Fintech Fest
India Digital Summit
Industry Roundtables
Closed Room Discussions/Workshops vis-à-vis Regulators/Government Agencies

Market Access Programs

Supporting startups and incumbents to gain access to emerging markets, investment opportunities, networking beyond borders, etc.

Knowledge Sessions

We host knowledge sessions for our members on regulatory and operational topics to gain clarifications and stay updated on changes and best practices.

Collaborative Initiatives

With the background of Digital Lending being at the epicentre, FCC, on an ongoing basis, facilitates cross-committee collaborations connecting Digital Lending members with other committees for broader discussions.