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NEWSLETTER · FEBRUARY 2026 |
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India has hit a macroeconomic sweet spot. GDP growth is running at 7.4%, inflation has settled at 2.1%, and credit expansion conditions are as favourable as they come.
The AA ecosystem continues its rapid ascent. With monthly disbursements surpassing ₹24,000 crore, the platform now operates at a massive national scale. And with the April 1 collateral-free MSME loan limit doubling to ₹20 lakh, AA can become the digital backbone that turns potential into performance for millions of entrepreneurs.
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For ten years, ₹10 lakh was the ceiling on collateral-free MSME lending. Set in April 2015, that number survived every budget cycle, every fintech wave, every policy review since.
The RBI’s February 2026 directive is more than a regulatory update. It is a statement of confidence: in our borrowers, in our data infrastructure, and in what this ecosystem has built together. We no longer need physical assets as a proxy for trust.
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Through the AA network, we have real-time, tamper-proof visibility into cash flows. That is the new collateral. We have moved from Snapshot Underwriting to Streaming Finance, and that changes everything.
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How do we scale this well? Three things we are focused on:
Visibility as Collateral. AA surfaces a borrower’s full repayment history and GST-linked cash flows in seconds. That is the underwrite. Dynamic Monitoring. Recurring AA consent replaces annual reviews with continuous loan health tracking. We catch signals early and act fast. The Tarun Plus Vehicle. For loans in the ₹10L–₹20L range, this is our primary structured product. Built for entrepreneurs who have already proven themselves by repaying prior Mudra loans, it carries Credit Guarantee Fund for Micro Units (CGFMU) coverage, with the government sharing the risk.
When we anchor the AA framework in trust and customer-centricity, we do more than fix underwriting; we ignite a fundamental shift in the financial landscape of India and the world.
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The Pulse: Ecosystem Stats |
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408+ M
Consents Fulfilled
17+ M
Monthly Consents
179
FIPs Live on AAs
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272+ M
Accounts Linked
8+ M
Monthly Accounts Linked
955 FIUs Live on AAs
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265+ M
Monthly Data Shares
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999 Live Entities on AA
17 Total Operational AAs
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From the Ground: The AA Impact Story |
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The transition to an AA-led journey is more than a technical upgrade; it’s a shift toward frictionless insurance. By empowering half of all customers to share financial data digitally, we’ve eliminated the "paperwork tax."
This 30% reduction in data-sharing time doesn’t just improve the customer experience—it fundamentally changes the math of policy issuance. With 65% of AA-fetched data requiring zero manual intervention, the insurer has successfully moved from reactive processing to proactive protection.
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Customer Awareness & Training↗ Resources developed with Accion to help your teams demonstrate the benefits of AA to users, along with training materials for loan officers.
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Which aspect of the new ₹20 Lakh limit excites you the most? |
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Sahamati Foundation is a member-driven industry alliance
formed to promote and strengthen the Account Aggregator ecosystem in
India.
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