Concept of Loan Moratorium ll ब्याज पे लगा ब्याज मिलेगा वापस
Channel: Life Easy Hai
Date: 2020-10-07

Concept of Loan Moratorium ll ब्याज पे लगा ब्याज मिलेगा वापस

During hearing On 5th October, 2020 in Supreme Court, The Central Government told that “interest on interest” charges for loans of up to Rs. 2 core during its six-month repayment moratorium because of the pandemic will be waived off. The government will bear the burden of the money, the finance ministry said in an affidavit filed in the Supreme Court. The new waiver, which will spell as a big relief for individual and MSME borrowers, also includes those who have cleared their dues for a range of loans made between March, 2020 and August, 2020.

Supreme Court asked the Govt. to file an affidavit regarding this waiver proposal on 12th October, 2020 with the apex court and next hearing will be held on 13th October, 2020 regarding moratorium.

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