Great news to stop the flood of predatory / hidden loans by many NBFCs
designed to prey on the financially unaware.
It looks like no longer can someone be unwittingly subscribed into a loan/credit-line disguised as a “freebie”.
( eg. Buy Now Pay Later schemes, 0% EMI payment schemes, … )
I didn’t get the significance of this scenario. 
How is this different from opting for a personal-loan and withdrawing the amount in cash?
Why do you think this scenario of encashing one’s credit (indirectly) must be discouraged?