- Tamil Nadu Govt is bringing a new portal for MSME, it will be easy to apply
- Central Govt has announced several relief packages to bring MSME back on track
- new Delhi. Various efforts are being made by the government to bring the Micro, Small Medium Industry (MSME) back on track. The country’s finance minister Nirmala Sitharaman ( Finance Minister Nirmala Sitharaman) Has also announced several relief packages. So that this sector can be brought back on track at the earliest. Also, the pace of the country’s economy can be increased further. For this, the benefit of all these schemes should reach the common people and those who are in dire need of these packages. For this, the State Governments will have to take similar steps. In this series, the Tamil Nadu government has planned to open a portal to provide relief to MSMEs. Under which the portal can be applied for MSME loan. The needy people will not have to go to the banks. Necessary documents can be submitted through this portal.Preparing to launch the portal The
Government of Tamil Nadu is in the process of launching a portal to facilitate the process of lending to MSMEs. Tamil Nadu Minister SP Velumani, giving information about this, said that he had a meeting with senior bank officials and businessmen in this regard, this portal will prove to be very helpful for businessmen, willing to start new business and banks. He said that traders will not have to go to the bank. Will be able to submit the required documents through the portal.Also Read: India records highest single-day spike of 14,516 Covid-19 cases, tally reaches 3,95,048How will work now, petrol and diesel prices become equal
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- Giving suggestions to the Center, SP Velumani said that these suggestions will be sent to Union Finance Minister Nirmala Sitharaman. At the same time, he also asked banks to remove the difficulties of common businessmen and the hurdles in taking loans. He informed that Coimbatore district has more than 1.5 lakh MSMEs with 1.5 million workers. A loan of Rs 554 crore has been provided to about 8,284 small industries in the lockdown during the Coronavirus Depression.
Announcement for MSMEs made by Central Government
– Provision of 20,000 crore subordinate debt for two lakh MSMEs in trouble.
– Rs 4,000 crore assistance under Credit Guarantee Trust for Micro and Small Enterprises.
– Banks will provide MSME promoters a subordinate debt equivalent to 15% of their current stake in the unit. The maximum limit fixed is 75 lakh rupees.
– Decision to set up a fund of funds with a corpus of Rs 10,000 crore.
– Subordinated debt of Rs 20,000 crores has been approved for MSMEs. Nearly 2 lakh MSMEs benefit.
