Ans:
Yes, interest fees on GECL will be capped as under
For Banks and FIs
Capped at 9.25%
For NBFCs,
Capped at 14%
For loans to hospitals/nursing homes/clinics/medical colleges/units engaged in manufacturing liquid oxygen, oxygen cylinders, etc., for putting on-site oxygen generation plants in place,
Capped at 7.5% p.a.