https://www.taxtmi.com/news?id=21669 No loan waiver proposal exists; the Government and RBI employ an interest subvention scheme to lower effective rates, provide prompt repayment incentives, and allow subvention on restructured loans with extended relief for severe calamities subject to High Level Committee approval. RBI directives mandate automatic relief on calamity declaration, lower crop loss thresholds to trigger measures, restructuring, moratoria, relaxed security norms and inclusion of distressed non institutional borrowers under Priority Sector Lending. Complementary steps include higher collateral free loan limits, waiver of 'no due' certificates for very small loans, promotion of Joint Liability Groups, direct income support transfers, and comprehensive crop insurance. en-us Wed, 10 Jul 2019 10:10:30 +0530 Wed, 10 Jul 2019 10:10:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21669 No loan waiver proposal exists; the Government and RBI employ an interest subvention scheme to lower effective rates, provide prompt repayment incentives, and allow subvention on restructured loans with extended relief for severe calamities subject to High Level Committee approval. RBI directives mandate automatic relief on calamity declaration, lower crop loss thresholds to trigger measures, restructuring, moratoria, relaxed security norms and inclusion of distressed non institutional borrowers under Priority Sector Lending. Complementary steps include higher collateral free loan limits, waiver of 'no due' certificates for very small loans, promotion of Joint Liability Groups, direct income support transfers, and comprehensive crop insurance. News - Wed, 10 Jul 2019 10:10:30 +0530 https://www.taxtmi.com/news?id=21669