Nandan Nilekani backs broader Account Aggregator access
In short
Nandan Nilekani has called for the Account Aggregator system to cover more self-employed people, including street vendors and gig workers, in India. He said using more financial data could help lenders judge credit risk and give more people formal loans.
This could matter for small earners who struggle to get credit. The report does not say whether any rule change, rollout, or timeline has been set.
What the reporting says
Nandan Nilekani called for expanding the Account Aggregator framework to include self-employed people, street vendors and gig workers, according to a publisher summary. He said wider data sharing could help lenders assess creditworthiness and improve access to formal credit. He also flagged the need for a sustainable business model for Account Aggregators. The immediate outcome is not stated in the available reporting.
Why it matters
Nandan Nilekani urged broader use of the Account Aggregator framework to bring in self-employed people, street vendors and gig workers, based on a publisher summary. The reported goal is to improve credit assessments and expand access to formal lending in India. He also pointed to the need for a sustainable business model for Account Aggregators. No policy change or rollout timeline was stated.