Infosys co-founder Nandan Nilekani shares what to do if you are sold as an asset, and it is recommended to use…
Nilekani pointed out that 50% of India’s assets are in the form of land, but most of them cannot be used for loans.
Infosys co-founder and Aadhaar architect Nandan Nilekani has proposed a new solution to help millions of land owners in India unlock the true value of their land. He suggested using “tokenization” to make the land tradable and useful as collateral for the loan.
Nilekani pointed out that 50% of India’s assets are in the form of land, but most of them cannot be used for loans. This gives landowners the assets that are valuable but unusable.
“This land is an asset, but you can’t do anything,” Neilkani said. “You can’t sell it or have a loan.”
To solve this problem, he proposed symbolization, a process that would digitize the land record and make it tradable, similar to stocks or bonds. By doing so, landowners can sell the land more easily, or use it to obtain loans, thereby obtaining much-needed capital.
However, Nilkarney noted that land is a national theme for India, meaning that every state must decide whether to adopt the system. To work, states must improve property registration, update tax systems and ensure clear ownership records.
“If more states realize the power of tokenization, they will adopt it to help landowners sell land or borrow to start businesses,” he said.
Nilekani believes that the reform may be a game-changer, especially for rural India where many people own land but it is difficult to use it for economic growth. He believes symbolization is an important step in unlocking millions of dollars in financial opportunities.
