Centre supports waiver of interest for loans under moratorium by small borrowers; know who will benefit
In a big move that augurs well for small borrowers, the government in its affidavit submitted to the Supreme Court said that it supports the waiver of compound interest for loans under moratorium for certain categories.
Government said the cost of waiving off interest on loans to every category would amount to a burden of Rs 6 lakh crore for banking system. Photo: PTI