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Anonymous

Hey I am on Medial • 1y

Today I decided to shut my restaurant Filing for bankruptcy, am I liable to pay private loan holdings ? Total amount is 45L tho I have I have govt loan with insurance in case I default with no collateral Share your opinion

Tarun Suthar
•

The Institute of Chartered Accountants of India • 1y

means you have taken 45lakhs with no collateral 🤔

Anonymous

Hey I am on Medial • 1y

Yes it is govt entrepreneurship loans under schemes

Tarun Suthar
•

The Institute of Chartered Accountants of India • 1y

can you elaborate that scheme. i will get back, how can i help you.

Anonymous

Hey I am on Medial • 1y

These are Pradhan Mantri MUDRA Yojana offer loan with collateral and offers to young business with initial 3 years of Tax filing and with yearly insurance we pay to govt so incase it is default.

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