Agri Loans Not Eligible For Interest Waiver: Centr
The Morning Standard|October 31, 2020
Explainer says crop, tractor loans will not be covered by the scheme
Agri Loans Not Eligible For Interest Waiver: Centr

AFTER having announced a waiver on interest-on-interest charged by banks during the moratorium period, the government has now clarified that this waiver will not be applicable for loans taken towards agriculture and allied activities.

According to the finance ministry’s clarification, issued on Thursday, crop and tractor loans come under agriculture and allied activities loans and are not part of the eight segments or classes eligible under the scheme.

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