What is FinTech  & EmTech Repositories? About PRAVAAH Portal :

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May 29, 2024

What is FinTech  & EmTech Repositories? About PRAVAAH Portal :

Why in News ? The RBI  has launched three major initiatives, including a mobile app, to enable retail investors to participate in the government securities (G-Secs) market.

These  3 initiatives are PRAVAAH portal , Fintech  & EmTech Repositories.

About  PRAVAAH portal :

  • The Reserve Bank of India (RBI) launched the PRAVAAH portal in April 2023.
  • It stands for Platform for Regulatory Application, validation and Authorisation.

Purpose: It’s a secure web-based platform designed to streamline the process of applying for various regulatory approvals from the RBI.


  • Centralized Platform: Individuals and entities can submit applications for licenses, authorizations, or other regulatory approvals in one place. This eliminates the need to navigate through different channels or departments within the RBI.
  • Efficiency: The online application process is expected to expedite approvals and clearances by the RBI.
About The FinTech  & EmTech Repositories :

  •  The FinTech Repository aims to capture essential information about FinTech entities, their activities, technology uses, etc. FinTechs, both regulated and unregulated, are encouraged to contribute to the repository.
  •  Simultaneously, a related repository for only RBI regulated entities (banks and NBFCs) on their adoption of emerging technologies (like AI, ML, Cloud Computing, DLT, Quantum, etc.), called EmTech Repository, is also being launched.
  • The FinTech and EmTech Repositories are secure web-based applications and are managed by the Reserve Bank Innovation Hub (RBIH), a wholly owned subsidiary of RBI.
  • The repository would enable availability of aggregate sectoral level data, trends, analytics, etc., that would be useful for both policymakers and participating industry members.
  • RBI encourages the FinTechs and Regulated Entities to actively contribute to the repositories.



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What is FinTech & EmTech Repositories? About PRAVAAH Portal : | Vaid ICS Institute