Interest relief: A simple scheme with wide coverage, say experts

The quantum of benefit for borrowers, however, will not be very large

The central government’s scheme to pay borrowers interest on interest is set to bring some relief to borrowers who availed of the moratorium, as it covers all types of loans, and does not require customers to submit applications to be eligible to get the benefit. However, experts say the quantum might not be very high.
 
Wide coverage: The government will reimburse customers for an amount equivalent to the difference between the compound interest and simple interest, or interest on interest, on specified loan types for a period between March 1 and August 31.
 
One positive feature is that