The Union finance ministry has advised state governments that as banks adopt a mass scale of paperless transactions from this month for all their loans for retail and micro as well as small and medium enterprise (MSME) customers, the stamp duty regime in all states have to go digital. As a result, small-ticket loans can expand massively with the paperless documents being treated as valid legal documents.
The entity, which will interface with states and banks is the National e-Governance Services (NeSL), promoted by leading banks and has the status of a government company. At an interaction ...
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