IDBI Bank launches “Sugam Rinn Bhugtan Yojana (SUGAM)”

IDBI Bank has announced a special Scheme “Sugam Rinn Bhugtan Yojana (SUGAM)”, to boost its recovery efforts through One Time Settlement of Retail NPAs up to March 31, 2021 with Borrower’s Principal Outstanding above Rs.0.10 crore and up to Rs.10 crore (subject to eligibility criteria), at relaxed terms to provide a renewed opportunity to the borrowers who are in distress and are willing to settle their dues to avoid legal entanglement.

Brief of the scheme is available at https://www.idbibank.in/idbi-bank-sugam-rinn-bhugtan-yojana.aspx.