The Indian government has allowed the GST Network to share data about GST-registered businesses with the Reserve Bank s Public Tech Platform for Frictionless Credit based on their consent. This move aims to facilitate quicker loan processing for entities by providing lenders with shared Goods and Services Tax (GST)-related information.
GSTN to share data with RBI s frictionless credit platform dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
PTPFC aims to connect borrowers and lenders and make credit or loans more accessible to millions of individuals looking for small loans. This platform will help in seamless disbursal of non-collateral based loans for MSMEs, Kisan Credit Card loans up to ₹1.6 lakh