allow banks to give relaxation to customers in paying their EMIs as the forced lockdown
allow banks to give relaxation to customers in paying their EMIs as the forced lockdown
The Issue
Coronavirus has claimed thousands of lives globally in the past three months and has been spreading fast globally.
As a proactive measure to cut short the spread of this deadly disease COVID-19, central government as well as states have announced major lockdown, shutting borders and strict policing to keep people indoors.
Many industry representatives have already demanded the government to allow late repayment of loans as businesses are badly hit due to no activity as the spread of coronavirus has led to a forced lockdown across the nation as well as globally.
While, individuals mainly who are self-employed, have small businesses, have to pay towards rents for shops, small vendors etc have taken loans for various purposes such as home, car, business or any other personal requirements are more concerned about their immediate loan liabilities.
So The Reserve Bank should allow banks to give relaxation to customers in paying their EMIs for atleast 3 months as the forced lockdown across sectors due to coronavirus pandemic has impacted earnings severely, crippling repaying capacity of many businesses and individuals.
So please sign this petition and share this with everyone.
The Issue
Coronavirus has claimed thousands of lives globally in the past three months and has been spreading fast globally.
As a proactive measure to cut short the spread of this deadly disease COVID-19, central government as well as states have announced major lockdown, shutting borders and strict policing to keep people indoors.
Many industry representatives have already demanded the government to allow late repayment of loans as businesses are badly hit due to no activity as the spread of coronavirus has led to a forced lockdown across the nation as well as globally.
While, individuals mainly who are self-employed, have small businesses, have to pay towards rents for shops, small vendors etc have taken loans for various purposes such as home, car, business or any other personal requirements are more concerned about their immediate loan liabilities.
So The Reserve Bank should allow banks to give relaxation to customers in paying their EMIs for atleast 3 months as the forced lockdown across sectors due to coronavirus pandemic has impacted earnings severely, crippling repaying capacity of many businesses and individuals.
So please sign this petition and share this with everyone.
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Petition created on 25 March 2020