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MSMEs in TN seek support to overcome COVID crisis

Updated: May 26, 2021 01:47:04pm
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MSMEs in TN seek support to overcome COVID crisis

Chennai, May 26 (KNN) Micro, Small and Medium Enterprises (MSMEs) in the state have written to the state and central governments seeking financial aid and support to overcome the crisis due to the second wave of COVID-19 wave.

In a letter to Tamil Nadu Chief Minister M K Stalin, The Tamil Nadu Small and Tiny Industries Association (TANSTIA) requested to waive off fixed charges for Low Tension Electricity connections and demand charges for High tension supplies during the lockdown period.

''The MSME sectors are most affected as the state government has enforced stringent lockdown measures including preventing even two-wheelers from plying on the roads,'' the letter read.

Expressing the inability to hire buses or private four-wheelers, the industry association further requested Stalin to allow two-wheelers to ply on road so that the workers can reach their respective units.

''Soap and detergent manufacturers should be considered as essential industries as these products are used for hygiene purposes,'' said S Anburajan, President, TANSTIA.

TANSTIA president also requested to provide working capital assistance from Tamil Nadu Industrial Investment Corporation at a subsidized rate for existing units that produce oxygen and other essential goods.

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.

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