Congress seeks interest subvention with deferment of loan EMIs

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Congress seeks interest subvention with deferment of loan EMIs

Apr 02, 2020 15:14 IST

The Congress has hit out at the Centre for not announcing an interest subvention scheme along with the moratorium announced on payment of EMIs for three months against loans including for house, personal requirements, auto and other purposes, and said that it defeats the purpose of the relief. Banks have also warned borrowers that they would have to pay more if they choose to defer EMI payments.

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