Tag Archives: compound interest waiver scheme

In a relief to borrowers at the start of the holiday season, the government announced Friday night an interest waiver on loans up to ₹2 million rupees regardless of whether or not the moratorium was applied. On October 14, the Supreme Court ordered the Center to implement “as soon as …

The government has announced guidelines for the exemption from compound interest, which was payable by borrowers who had opted for a moratorium on their equivalent monthly payments (EMI) for a period of six months between March and August 2020. This will eliminate the interest-on-interest burden for all micro, small and …