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RBI proposes to do away with pre-payment levy on business loans taken by individuals/MSEs
Update / Judgement Date
21 Feb 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
The RBI has proposed to eliminate the pre-payment levy on business loans taken by individuals and MSEs. This proposal aims to make borrowing more flexible and accessible for individuals and small businesses. It could have a positive impact on the MSME sector.