Amidst Rising GST Collections, Analytics Will Emerge as Critical Tool for MSME Lending in 2023, says Jocata
Mumbai (Maharashtra) [India], December 30 (ANI/NewsVoir): The Government of India collected Rs 1.52 trillion as goods and services tax (GST) in October, reporting a 16.6 per cent year-on-year increase, driven by festive spending, better compliance, and higher tax rates. This collection is expected to increase further and exceed FY23 budget estimates by Rs 1.3-1.4 trillion. Amidst this, Jocata launched its proprietary AI/ML-based risk and business intelligence score, SME DNA, which will fast-track priority sector lending for banks and empower MSMEs to review and improve their business performan...
Source: laosnews.net