Indians could get loans based on data after GST: Nilekani
Infosys Chairman Nandan Nilekani has said that data generated by GST return filing will be used to provide loans to businesses and consumers. "This is not collateral-based lending. This is data on business flows. This is flow-based lending," he added. He said that small business with no assets can still use its flows to get credit based on GSTâinvoices.