One-year moratorium on KFC loan repayment
The Hindu
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Finance Minister K.N. Balagopal has announced a one-year moratorium on loans taken by small entrepreneurs from the Kerala Financial Corporation (KFC). The benefit is for loans for which repayment was prompt till March 31, 2021. The applications for availing oneself of the moratorium can be submitted till September 30, the Minister said. No additional charges or interest will be levied for this. For enterprises which had repaid the loans promptly till March 31, 2020, an additional 20% loan will be provided in addition to the 20% given last year.
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