KMDC offers major relief for borrowers

KOLAR

The Karnataka Minorities Development Corporation KMDC has announced an interest waiver and One Time Settlement OTS scheme for eligible minority loan beneficiaries in the state According to KMDC District Manager Shirin Taj the scheme covers loans taken between financial years 2013 -14 and 2018 -19 The initiative aims to reduce financial burden and help beneficiaries clear long pending dues Under this scheme borrowers who repay the principal loan amount will get full waiver of interest