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Benefits of interest waiver on loan Tag

Financial Advice

Government issues guidelines for interest waiver on loan

byNidhi ManchandaOctober 28, 2020

The Government of India recently announced the interest waiver on loans up to 2 crores. This was done to provide relief to the borrowers who have the liability to repay loans amid COVID-19. Global Pandemic had resulted in a nationwide lockdown and thus we experienced disruption in businesses. This further led to job loss and sizeable pay cuts to most employees. With limited cash in hand, it...