RBI announces Opening of Third Cohort under the Regulatory Sandbox- Theme ‘MSME Lending’

The Reserve Bank of India (RBI) has announced the theme for the Third Cohort under the Regulatory Sandbox (RS) as ‘MSME Lending’. The application for the Third Cohort will be kept open from October 01, 2021 to November 14, 2021. With that, the central bank has announced the opening of the application window for the Third Cohort to eligible entities.

These are:

• First Cohort– First Cohort under the Regulatory Sandbox was launched by RBI in December 2020, with the theme as ‘Retail Payments’. Six entities have completed the testing phase of the cohort.
• Second Cohort– Second Cohort under the Regulatory Sandbox was announced by RBI in December 2020 with the theme as ‘Cross Border Payments’. Eight entities have been selected for the ‘Test Phase’.