New Delhi, May 15 (TIWN): It is likely that small informal borrowers with annual income up to Rs 60,000 will get automatic relief on unsecured loans that they are not able to repay.

The Ministry Of Corporate Affairs and the Insolvency and Bankruptcy Board of India (IBBI) are currently working on a loan waiver programme to cover small scale enterprises, farmers, artisans and other small borrowers in the country.