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TN MSMEs seek govt support to overcome crisis
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SME Times News Bureau | 26 May, 2021
The association of Micro, Small and Medium Enterprises (MSME) units
across Tamil Nadu have written to the state and central governments for
assistance and support to overcome the crisis they are facing due to the
second Covid-19 wave.
The Tamil Nadu Small and Tiny Industries
Association (Tanstia) has in a letter to chief minister M.K. Stalin,
requested to wave off fixed charges for Low Tension Electricity
connections and demand charges for High tension supplies during the
lockdown period.
With the Tamil Nadu government enforcing
stringent lockdown measures including preventing even two wheelers from
plying on the roads, the MSME sectors are most affected, the letter to
the Chief minister said.
The Tanstia in the letter requested the
chief minster to lift the ban on two wheeler travel so that the workers
will be in a position to reach to the units. It said that it cannot
afford to hire buses and private four wheelers to transport the workers.
S.
Anburajan, President, Tamil Nadu Small and Tiny Industries association
in a letter addressed to the chief minister, said that soap and
detergent manufacturers should be considered as essential industries as
these products are used for hygiene purposes.
He also requested
to provide working capital assistance from Tamil Nadu Industrial
Investment Corporation at a subsidized rate for existing units which
produce oxygen and other essential goods.
The Guindy Industrial
Manufacturers association has also written a letter to union finance
minister stating that more than 80 per cent of MSMEs would become Non
Payment Assets (NPA) and would be forced to shut down if the government
does not provide immediate support and assistance.
K.V.
Kanakambaran, President of Guindy Industrial Manufacturers association,
told IANS, "We have sent a letter to union finance minister, Nirmala
Sitharaman stating the difficult times the MSMEs are facing and have
mentioned that more than 80 per cent of the MSME units would turn into
NPAs and would be forced to shut down if the government does not act
with assistance and support measures."
He adds, "We have also
written to the Reserve Bank of India as well as to other lending banks
and lead banks not to impose NPA norms on MSME units for a period of two
years and to provide additional packages for restructuring the units."
Tanstia
president S. Anburajan also said that they have sent a letter to the
union finance minister requesting the withdrawal of the Sarfesi Act or
at least an exemption for units that have taken loans up to Rs 5 crore
with immediate effect.
Anburajan while speaking to IANS said, "We
have written to the Union minister for withdrawal of the Sarfesi Act or
provide an exemption to units that have taken loans up to 5 crore
rupees with immediate effect. We have also requested to the union
government that ESI and PF for the lockdown period or for at least three
months be paid by the government to prevent our industries from sinking
and shutting shops. This will help the industry in great deal."
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