COME SEPTEMBER- Liquidity Crisis looms large over MSMEs
Moratorium, Interest during Lockdown, Compounded Interest during Moratorium, Emergency Credit Line The moratorium announced initially was for 3 months March-May This moratorium was critical because borrowers could not have paid EMIs and interest due to almost NIL economic activity due to complete lockdown However, the Government did not give waiver of interest for the lockdown period. In fact, compounded
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