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Sena, Congress leaders urge CM Uddhav to extend loan moratorium

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People queue up outside a State Bank of India branch in Ghatkopar. Pic/Datta Kumbhar

People queue up outside a State Bank of India branch in Ghatkopar. Pic/Datta Kumbhar

The Shiv Sena's Shiv Vahatuk Sena (SVS) and a senior Mumbai Congress leader have demanded relief for the people who have taken loans from banks and financial institutes, in view of a six-month moratorium on fixed-term loans and EMI payments, that will end on August 31.

SVS general secretary Mohan Goyal has urged Chief Minister Uddhav Thackeray to convince the Centre to review the Reserve Bank's credit policy, which does not provide for another moratorium. He wrote to the CM last week asking for yet another four-month moratorium till December end.

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