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The finance ministry has announced waiver on loans but there are a few conditions.(PTI)

Interest waiver schemes: Loans against fixed deposits, bonds not eligible

By hindustantimes.com | Edited by Poulomi Ghosh | Hindustan Times, New Delhi
UPDATED ON OCT 28, 2020 02:27 PM IST
Borrowers who have opted for deferment of interest and instalment under the RBI Covid-19 relief package earlier are also eligible to avail the benefit
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“Such loans account for over 40 per cent of the systemic credit and 75 per cent of borrowers, and the impact on the exchequer is around Rs 7,500 crore,” Crisil said in a note on Monday.
“Such loans account for over 40 per cent of the systemic credit and 75 per cent of borrowers, and the impact on the exchequer is around Rs 7,500 crore,” Crisil said in a note on Monday.

Compound interest waiver: 75 percent borrowers to benefit, to cost govt Rs 7,500 crore, says report

By Press Trust of India | Posted by Prashasti Singh | New Delhi
PUBLISHED ON OCT 27, 2020 11:18 AM IST
To ensure effective and timely implementation, the government has asked lenders to credit the amount to eligible borrowers latest by November 5.
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