Central government waive of interest bear the burden the moratorium amount less than 2 Crore ready to take the central government said supreme court
‘Big relief the MSMEs Micro, Small and Middle run business and more education, housing, consumer goods, auto loan and credit loan dues, Bank loan apply company and public taken the loan less than 2 Crore amount interest in interest waive bear the burden central government.
Saturday, October 3 Supreme court case moratorium case hearing today Central government said the moratorium amount less than 2 Crore bear the burden it told the central government.
Corona Pandemic situation lock- down time Moratorium interest on interest bank loans this year first six months borrow grant the Reserve Bank of India excess loan interest august month ended this moratorium but this corona pandemic situation continues India therefore 2 months extend the RBI. The central government affiliate grant seeks Permission Passed an India Parliament Friday move on enable.
Moratorium case Central government told the loan take amount not close to the banks. Therefore loan amount close to big affects the bank sectors’ difficult situation. Loan repayment interest on interest but they take waive bear the burden central government. The Banking sector PSUs most loan provide State Bank of India bank loan close not possible in the government told supreme court. private sector Bank HDFC Bank, ICICI Bank, IDBI Bank, etc,,.
Ahead of the Moratorium categories the borrow amount and interest on interest-only waive of bear the burden central government. But Finance Ministry said to say the company and public both on big critical situation corona pandemic time loan interest on interest people face help the government.
The Finance Ministry said government bank loan borrow and interest pay waive of bear the burden ahead categories 6 Lake core. therefore burden loan amount would load Bank Sector some bank companies critical condition go on the bank.
central government loan borrow and interest on interest dues repayment ahead that categories 2 Core waive of bear the burden the government.