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Govt issues guidelines for compound interest waiver on some moratorium loans
short by Krishna Veera Vanamali / on Saturday, 24 October, 2020
The Finance Ministry has approved guidelines for the grant of ex-gratia payment of the difference between compound interest and simple interest for loans up to ₹2 crore under the six-month moratorium. Housing loans, education loans, credit card dues, auto loans, MSME loans, consumer durable loans and consumption loans are covered under the scheme.
read more at The News Minute