Scheme for Grant of Ex-gratia Payment. COVID-19 situation, the Central Government has approved âScheme for grant of ex-gratia payment which is difference between compound interest and simple interest for six months to borrowers in specified loan ⦠The notification said, "The Government of India has announced the Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020) (the âSchemeâ) on October 23, 2020, which mandates ex-gratia ⦠The Government of India has announced the scheme for grant of ex-gratia payment of difference between compound interest and simple interest for period upto six months to eligible borrowers in specified loan accounts (1.3.2020 to 31.8.2020). An ex gratia payment is made to an individual by an organization, government, or insurer for damages or claims, but it does not require the admittance of liability by the party making the payment. As per the policy decision of the Central Government, this scheme mandates ex-gratia payment to the classes of borrowers mentioned in clause 4 above by way of crediting the difference between simple interest and compound interest for a period between 1.3.2020 to 31.8.2020 by respective lending ⦠Ex-Gratia Payment Scheme. The amount of compensation is directly ⦠The Government of India has announced a Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (01.03.2020 to 31.08.2020) (the âSchemeâ) on October 23, 2020, which mandates ex-gratia payment to certain categories of ⦠Ex-gratia scheme for victims of natural calamities, snakebite, accidental death. Department: Women, child development & social welfare. Ex-Gratia Payment Scheme. The Government of India has announced the Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020) (the âSchemeâ) on October 23, 2020, which mandates ex-gratia payment to certain ⦠On 23rd October 2020 Ministry of Finance, Government of India issued direction to all lending institutions to implement Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts ⦠Aim: Launched in 2009, it aims to compensate families of those killed in natural calamities like flood, cyclones, earthquake, lightning or snakebite. The Government of India has announced the scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (01-03-2020 to 31-08-2020) (the âSchemeâ) on 23-10-2020, which mandates ex-gratia ⦠The Government of India has announced a Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (01.03.2020 to 31.08.2020) (the âSchemeâ) on October 23, 2020, which mandates ex-gratia payment to certain categories of ⦠The Government of India has announced the Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020) (the âSchemeâ) on October 23, 2020, which mandates ex-gratia payment to certain categories of ⦠Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts (1.3.2020 to 31.8.2020) Operational Guidelines Name of the scheme This scheme shall be called "Scheme for grant of ex-gratia payment of difference Frequently Asked Questions (FAQs). On 23rd October 2020 Ministry of Finance, Government of India issued direction to all lending institutions to implement Scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts â¦