Meetings have taken place within the Finance Ministry regarding various proposals for a temporary halt to loan repayments. The plan could permit borrowers to postpone equated monthly instalments (EMIs) for a designated period without being deemed defaulters.
This initiative aims to provide support to industries adversely affected by the ongoing conflict, especially micro, small, and medium enterprises (MSMEs), which are under pressure from rising input costs and supply chain disruptions.
Additionally, the government is assessing the broader implications of the energy crisis on industrial operations, as fluctuations in oil and gas markets continue to impact businesses.
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Industry associations and exporters have requested a moratorium on loan repayments, highlighting liquidity issues in light of the volatile global environment.
(Edited by : Sheersh Kapoor)
