New Delhi, Dec. 4 -- Minister of State (MoS) for Finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday that the government recently launched initiatives to enhance digital platforms and services for taxpayers and small businesses.

A key measure is the recent launch of the Credit Assessment Model (CAM) for Micro, Small and Medium Enterprises (MSMEs) to streamline access to formal credit.

The model utilises digitally verified data from the ecosystem to enable automated loan appraisal and objective decision-making.

It provides model-based credit limit assessments for both Existing to Bank (ETB) and New to Bank (NTB) MSME borrowers, facilitating faster and more transparent lending processes.

On the promotion of digital payments, th...