Re-introduce ex-gratia payment of difference in compound & simple interest: FHRAI to FM

FHRAI has submitted a representation to Finance Minister Nirmala Sitharaman requesting reintroduction of the scheme granting ex-gratia payment of the difference between compound interest and simple interest for six months to borrowers from the hospitality sector in view of the second wave of the COVID-19 pandemic. The scheme was formerly announced in October last year.

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