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Gajendra Sharma runs a glasses shop in Sanjay Place Market, Agra. He sells eyeglasses and sunglasses here, but along with this he also has an identity as a social worker. In a special conversation with Tech for FTCp English, Gajendra Sharma said that I have a habit of reading and listening to news. Due to this, during the lockdown, it came to know that if the loan installment is not paid, then it will have to be deposited with interest later. If you are late in this too, then interest will also be charged on interest. Just decided from here that I will take relief in this matter myself and will try to get others as well.
Failure to repay loan in lockdown was not a failure but a compulsion Gajendra Sharma says, during the lockdown, we were not able to pay our loan installment. But this was not our failure, it was a compulsion due to the closure of shops and businesses during the lockdown. When there is no business then from where to get the money to deposit the installment. Now when we do not have failure, why should we bear the brunt? Due to all these questions and answers, I consulted my advocate son and after meeting the lawyers, filed a petition in the Supreme Court. Actually it was a matter of Right to Live. Based on this, we filed the petition. We were going to do a noble cause and the prayers of crores of people were with us.
Also read-Who will get the benefit of ‘interest on interest’ waiver? Know all the necessary information about it
Government will give the amount of interest on interest- Financial experts say that during the 6 months of the lockdown, whatever such cases will happen where interest will be charged, then the central government will pay such interest. And this will put a burden of about 6500 crores on the central government. At the same time, about 16 crore loan holders below 2 crore will get its benefit.
from your city (Agra)
Tags: bank loan, housing loan, loan moratorium, loan waiver, Supreme court on loan moratorium