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The government is considering a proposal to offer a loan moratorium of three to six months to ease financial stress on businesses impacted by the Iran war, sources told CNBC Awaaz.
Discussions have been held within the Finance Ministry on multiple proposals related to a temporary suspension of loan repayments. Under the plan, borrowers may be allowed to defer equated monthly instalments (EMIs) for a specified period without being classified as defaulters.
The move is aimed at providing relief to industries affected by the ongoing conflict, particularly
micro, small and medium enterprises (MSMEs), which are facing pressure from rising input costs and supply disruptions.
The government is also reviewing the broader impact of the energy crisis on industrial activity, as volatility in oil and gas markets continues to weigh on businesses.
Also Read: PM Modi urges MSMEs to boost exports, enhance global competitiveness
Industry bodies and exporters have sought a moratorium on loan repayments, flagging liquidity concerns amid the uncertain global environment.
Discussions have been held within the Finance Ministry on multiple proposals related to a temporary suspension of loan repayments. Under the plan, borrowers may be allowed to defer equated monthly instalments (EMIs) for a specified period without being classified as defaulters.
The move is aimed at providing relief to industries affected by the ongoing conflict, particularly
The government is also reviewing the broader impact of the energy crisis on industrial activity, as volatility in oil and gas markets continues to weigh on businesses.
Also Read: PM Modi urges MSMEs to boost exports, enhance global competitiveness
Industry bodies and exporters have sought a moratorium on loan repayments, flagging liquidity concerns amid the uncertain global environment.
