Kochi, Oct 25 (KNN) The Kerala Government has informed the Kerala High Court that it is in the process of taking detailed inventory of losses incurred by the micro, small and medium enterprises (MSMEs) during the recent floods in the state.

Kerala Government had filed a fresh affidavit with the Kerala High Court. The affidavit was filed in response to a batch of writ petitions highlighting various issues during and in the aftermath of the floods.

According to a media report, a meeting of the representatives of the MSME, agriculture and farmers’ welfare associations, Reserve Bank of India (RBI), and State-Level Bankers Committee, Kerala, was held to discuss restructuring and rescheduling of the MSME loans.

It was decided at the meeting that the issue regarding loans amounting to below Rs 10 lakh to retailers would stand resolved if the Ministry of MSME approved the proposal to make retail trade loans below Rs 10 lakh eligible under the credit guarantee fund trust for micro and small enterprises (CGTMSE).

It was decided at the meeting that the National Disaster Management Authority (NDMA) would take up with the Union Ministry of Finance the issues of speedy disposal of loans to MSMEs and flood-affected families.