We’ve rolled out some exciting updates for DEPA‑Training, making it easier to rapidly prototype and run diverse training scenarios — complete with electronic contracts, confidential cleanrooms, privacy-preservation and configurable training SDKs. ✨ What’s new 👉 GUI for end-to-end execution 👉 Step-by-step guide to create and run your own training scenarios 👉 New scenarios introduced for complex …
A Budget that missed the opportunity for being bold on both Strategic Autonomy & Reform action
iSPIRT Foundation, a technology think-and-do tank, believes India’s hard problems can be solved only by leveraging public technology for private innovation. iSPIRT, as a think-and-do-tank, pioneered the concept of Digital Public Infrastructure (DPI) The Budget starts by acknowledging that India is facing “an external environment in which trade and multilateralism are imperilled and access to …
EDF replaces Softex form. Your Bank can Certify Software Exports from October 01, 2026
We had published a Blog in 2016 on Sofex form confusion. It became one of the most-read pieces on our blog. Read here for ready reference. Since then, we have been exhorting the Government to remove the Softex and, more specifically, after GST came into existence. Softex forms have been replaced by RBI in a …
OCEN 2025
The calendar year 2025 has been a transformative period for the Open Credit Enablement Network (OCEN), evolving from a digital protocol into a powerhouse for financial inclusion. During 2025, OCEN successfully facilitated approximately 70,000 loans, resulting in over ₹1,600 Crore in disbursements. This journey is not just about the numbers; it is about proving that …
OCEN Crosses the ₹200 Crore Monthly Milestone: Redefining MSME Credit Quality
November 2025 has officially set a new standard for the future of cash flow based digital lending for MSMEs in India. For the first time, monthly disbursements through the OCEN protocol have breached the ₹200 Crore mark, proving that the shift toward cash flow-based lending is not just a pilot—it is a powerhouse. As we …
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India’s silent Credit Revolution: OCEN Surpasses 50,000 Loans and ₹1100 Crore in 2025
The Micro, Small, and Medium Enterprises (MSME) sector is the engine of the Indian economy, yet for years, it has been choked by a massive credit gap. Traditional, collateral-heavy lending processes simply could not keep pace with the dynamic, short-tenure funding needs of small businesses. Open Credit Enablement Network (OCEN): Built on the principles of …
Privacy in the Age of AI: New Frameworks for Data Collaboration-Part-2
This is a two part blog series. The following is the second part. In Part 1, we traced how data collaborations are being reimagined, and laid out the conceptual foundations. From redefining consent through the Account Aggregator framework, to recognizing the limits of consent. We explored how privacy-preserving frameworks like differential privacy protect individuals even …
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Privacy in the Age of AI: New Frameworks for Data Collaboration-Part-1
This is a two part blog series. The following is the first part. Every day, we generate vast amounts of digital data — withdrawing cash, visiting doctors, ordering groceries, using various mobile apps. These data trails have the potential to streamline services, personalize experiences, and drive breakthroughs in fields from medicine to finance. Yet they …
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Cash Flow based Lending on OCEN: Fuelling the MSME Growth Engine
The backbone of our economy—the Micro, Small, and Medium Enterprises (MSMEs)—often face amassive hurdle of securing timely and affordable credit. Cash Flow Based Lending can solve formillions of creditworthy small businesses which are underserved. For a growing MSME, their truehealth lies in their daily or monthly business transactions and cash flow—the consistent stream ofmoney coming …
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DEPA AI Chain: Empowerment Through Provenance
The DEPA AI Chain is central to operationalising data sharing for AI development and runtime use, while preserving privacy and maintaining verifiable provenance across the entire AI lifecycle — spanning dataset creation and licensing through training, release, inference, and content distribution. Risks and returns are managed through contracts and programmable controls; oversight is delivered via …
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Cash Flow-Based Lending: Unlocking Credit Access for India’s MSMEs
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India’s economy, driving growth and generating millions of jobs. Yet, despite their importance, MSMEs continue to face a massive credit gap. Traditional collateral-based lending often leaves them underserved, making access to timely and affordable credit one of their biggest challenges. Over the years, schemes like …
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FAQs and Facts on Techno-Legal Regulation 2.0
This blog continues our discussion on the techno-legal regulation of artificial intelligence (AI), building on our original post from 03.09.25—with a focus on key outstanding issues that required in-depth consideration, alongside the responses and questions we received from stakeholders as of 12.09.25. Question 1: Since technology is constantly evolving, wouldn’t relying on technology to enable …
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FAQs and Facts on Techno-Legal Regulation
This blog is an invitation to advance public discourse on techno-legal regulation of artificial intelligence (AI). It builds on an article by Rahul Matthan (15 January 2025), in which he raised reservations about applying techno-legal regulation to AI governance and expressed concerns about the practicability of techno-legal artefacts-particularly their ability to establish liability chains among …
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Lessons from India’s Digital Public Infrastructure Journey
In just a decade, India has redefined how nations can harness technology for the public good. Through Digital Public Infrastructure (DPI), such as Aadhaar, UPI, and Account Aggregator, followed by newer innovations like OCEN and ONDC, India has shown the world how open, interoperable, and inclusive digital systems when designed as privately provisioned, public infrastructure; …
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OCEN July 2025 Snapshot
MSME Lenders need to start looking beyond AUM to truly value short-term loan pools. OCEN helps minimize loan processing costs and provide easy access to new borrower segments at scale. Specialized roles, including collections partners, help reduce the burden on lenders. Short-term lending products for marketplaces where Loan Agents also control the income-source for the …