The government plans to give debt waiver for small distressed borrowers under the insolvency law framework. The proposed waiver would be offered as part of 'Fresh Start' provisions under the Insolvency and Bankruptcy Code (IBC).  

Corporate Affairs Secretary Injeti Srinivas said, discussions have been held with the microfinance industry regarding criteria for the proposed waiver for small distressed borrowers from the economically weaker section.  The IBC provides the framework to deal with distressed assets through a market-driven and time-bound process.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Enter the code shown:

Can't read the image? click here to refresh

Todays Epaper

Should Telangana govt stop to implementation of National Population Register in State?

Can't Say