Micro finance waiver will exclude income tax payees, among others: Ashok Singhal

micro finance waiver will exclude income tax payees among others ashok singhal

Sumary of Micro finance waiver will exclude income tax payees, among others: Ashok Singhal:

  • Chairman of micro finance waiver committee Ashok Singhal said waiver will exclude income tax payee, persons availing multiple loans, person having four wheeler and a person whose annual income is more than one lakh..
  • Talking to media persons on Friday, Singhal said, “The loan waiver will come with capping it will not be a blanket waiver..
  • The state committee on microfinance loan waiver, formed after Himanta Biswa Sarma sworn in as chief minister, is holding meetings with lenders..
  • Sarma on Thursday said that microloan debt waiver as announced by the BJP ahead of Assam polls will find reflection in the state in budget..
  • According to the committee there are around 40 lakh lenders with 26 lakh customers base and 45 lakh bank accounts….

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