The Ministry of Finance, GOI and RBI have finally extended the Moratorium Period to 6 months. While we thank and welcome the move we shall further request the Ministry of Finance to look into the exorbitant interest rates being levied on people option for the Moratorium. The EMIs are getting stretched abnormally, with interests on interests.

We therefore request and demand the GOI to revisit the policy and ensure people don't get trapped unnecessarily into a bigger mess.