GENERAL9 Sept 2026
India must leverage UPI data to bring MSMEs into formal credit: Lahiri
NITI Aayog's vice-chairman says transaction data from UPI (Unified Payments Interface) could improve how lenders judge credit and price risk. This matters for MSMEs, who often struggle to get formal loans. Better use of digital payment history may help more small businesses enter the formal lending system. For now, keep your UPI transactions clean and accurate.
Key Statutory Highlights
- Ashok Lahiri is the vice-chairman of NITI Aayog.
- He said UPI transaction data could improve credit appraisal and risk pricing.
- This could help bring MSMEs into the formal lending system.
Actionable Advice for Taxpayers / Founders:If you run a small business, maintain clean and accurate UPI transaction records, as this data may become important for future formal loan applications.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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