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Will Waive 'Interest On Interest' For Loans Up to 2 Crore During Moratorium: Centre To Supreme Court

New Delhi:

The government on Friday told the Supreme Court that “interest on interest for loans up to Rs 2 crore during 6-month moratorium period” will be waived. 

“This waiving of compound interest applicable to MSME loans, educational, housing, consumer durable, auto, credit card dues, professional and consumption loans,” the government said.

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