EMI moratorium: App-based cab hailing drivers want extension till December, waiver of interest

With the lockdown is well into its fifth week, the Indian Federation of App-based Transport Workers (IFAT) has demanded that the interest component in the three-month moratorium be removed.

As the drivers will find it difficult to rebuild their lives after the pandemic, it said, the government should extend the interest-free EMI moratorium till December 2020. The lockdown has destabilised the financial position of the drivers, it added.

The association conducted two surveys to assess the financial condition of the drivers and to gauge whether they have been benefited by the moratorium on EMIs and loan advances being provided by the service providers.