Loan Moratorium: Good News! Centre Waives Interest on Interest On Loans Upto 2 Crores

Lastly, after months of wait the excellent news has knocked on the doorways. This festive season the Central govt has determined to offer a Diwali reward to the center class. After months of deliberation and delay, the Central authorities late Friday evening introduced waiver of curiosity on curiosity for loans as much as Rs 2 crore no matter whether or not moratorium was availed or not. The Division of Monetary Companies issued operational tips for a similar. Now bear in mind, it was the Supreme Courtroom which requested the centre to implement the curiosity waiver scheme, which is more likely to price the exchequer Rs 6,500 crore.

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