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When the finance ministry admits in Parliament that banks have written off a stunning Rs10.09 lakh crore in just five financial years (FY17-18 to FY21-22), there cannot be any public sympathy for corporate defaulters.
Know your rights: Loan application, processing and disbursement
How to find out if a digital lending platform is fake? Rogue apps do not provide documentation, fail to provide necessary information
Ajanta Neog in the assembly on Friday GUWAHATI: The state budget, presented by finance minister Ajanta Neog, came as a big relief to borrowers of microfinance loans, for whom the state government has proposed a budgetary allocation of Rs 7,500 crore. The main features of the scheme include categorization of clients into three groups headed by first category clients who have been regularly repaying their loans. Neog proposed to provide them a supportive incentive of Rs 25,000 for maintaining good credit discipline. Category II clients are those whose payments are overdue by one to 89 days. F...