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TN minister assures support to MSMEs hit by Covid-19
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SME Times News Bureau | 28 May, 2021
Tamil Nadu Minister for Rural Industries T.M. Anbarasan said that the
government would include schemes for the revival of MSMEs and will go
for more job creation in the sector which has faced the brunt of the
Covid-19 pandemic.
The minister was addressing a webinar "What
Tamil Nadu Needs :SICCI Policy Recommendations for the New Government".
,organized by the South India Chamber of Commerce and Industry (SICCI).
The minister in his speech said that the sector has been badly hit
following the second wave of the pandemic.
The minister said,
"The MSMEs are badly hit by financial stress, workers returning back to
their respective states and the hike in production costs". He said that
the government is envisaging a scheme and a package for the revival of
the MSMEs which includes job creation off setting the job losses as well
as digitalizing the sector to face the modern challenges."
He
said, "The state government has already announced a capital subsidy for
MSMEs and waived off registration fees till December and several other
steps will be taken to revive the sector as it is affecting 1.52 crore
jobs under 23.60 lakhs MSMEs."
RM Arun, president, SICCI, pointed
out that the MSMEs have been facing a lot of stress during the Covid-19
pandemic, and are finding it difficult to avail of working capital from
the banks. He suggested measures including loan moratoriums for MSMEs.
Anbarasan
said that the government will consider the suggestions and pointed out
that Tamil Nadu is the third biggest state in the country for MSMEs
after Uttar Pradesh and West Bengal. The state has 23.60 lakh MSMEs
employing 1.52 crore people.
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