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FINMIN

Nirmala Sitharaman, MSMEs, NBFCs, bank Loans, COVID-19 News

No Interest On Interest for Loans Upto Rs 2 Crore on Moratorium: Finance MInistry

"The undersigned is directed to convey that in view of the unprecedented and extreme COVID-19 situation, the Central government has approved "Scheme for grant of ex-gratia payment of the difference between compound interest and simple interest for six months to borrowers in specified loan amounts.

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