Kerala government announces one-time settlement scheme for debt-ridden private processors in cashew sector
The Hindu
As part of a revival package, the interest for loans up to ₹10 crore will be completely written off, and entrepreneurs who have taken loans up to ₹2 crore from various banks can close them by paying 50% of the principal
The Industries department has announced a one-time settlement scheme for debt-ridden private processors in the cashew sector.
As part of a revival package, the interest for loans up to ₹10 crore will be completely written off, and entrepreneurs who have taken loans up to ₹2 crore from various banks can close them by paying 50% of the principal. Those who have taken loans to the tune of ₹2 crore to ₹10 crore are required to repay 60% of the principal.
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