 "Need cash now? Avoid taking a personal loan for discretionary purchases")
Tamil Nadu on Thursday warned private banks, self-help groups, micro finance companies against collecting interest on loans from small borrowers. The state government said it would stringent action would be taken if they act against the warning.
The state permitted small caterers serving the elderly to continue supply of cooked food provided their vehicles sport the sticker ‘Essential Service’ and the drivers have identity cards. It added that the services of food delivery firms like Swiggy, Zomato and Uber Eats will remain to be suspended.
Private banks, self-help groups and finance companies should not collect their loan dues till further
