Cabinet approves waiver of repayment of loan and interest thereon, worth over Rupees Four crore, outstanding against the Sikkim Mining Corporation

Sarkaritel
By Sarkaritel November 27, 2019 12:24


The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi has accorded its approval for waiver of repayment of loan of Rs.54 lakh and interest thereon, amounting to Rs.370.40 lakh, totalling Rs. 424.40 lakh plus the amount of interest that will accrue on total amount, from 01.04.2019 till this approval outstanding against the Sikkim Mining Corporation.

Benefit:

Further accumulation of interest on principal loan will get extinguished and the liquidation process of the Corporation will get completed.

Sarkaritel
By Sarkaritel November 27, 2019 12:24