Govt reduces cash loan acceptance & repayment limit to Rs 10, 000 in aggregate; limit of expenses in aggregate also reduced

摘要

The Revenue Department has reduced the cash loan acceptance and repayment limit from Rs 20, 000 to Rs 10, 000 in aggregate. The department has also reduced the limit of all expenses in aggregate to Rs 10,000 in cash. The move is likely to impact the micro, small and medium enterprises (MSMEs) as the informal sector entrepreneurs depend heavily on cash loans and expenses in cash.