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Tamil Nadu CM announces 'COVID Relief and Development Scheme' for MSMEs

Updated: Apr 01, 2020 06:04:19am
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Tamil Nadu CM announces 'COVID Relief and Development Scheme' for MSMEs

Chennai, Apr 1 (KNN) Amid state lockdown due to coronavirus pandemic, the Tamil Nadu  Chief Minister Edappadi K Palaniswami has announced concessions for many sections of society as well as for Micro Small and Medium Enterprises (MSMEs).

On Tuesday, Palaniswami also announced a new scheme  named 'COVID Relief and Development Scheme' which will benefit around 2,000 MSME units who have availed loans from the Tamil Nadu Industrial Investment Corporation (TIIC). The scheme will be executed with a fund of Rs 200 crore.

The Chief Minister also requested house owners to get the rent for March and April after two months.

Apart from these, the Chief Minister announced a three-month moratorium (till June 30) for repayment of instalments for crop loans, house loans etc.

Meanwhile, Palaniswami requested the people to adhere to the restrictions imposed during the statewide lockdown.

"Experts feel that to prevent the state from entering the third stage, people should remain in their houses. As such, people should strictly adhere to the time limits fixed for buying essential commodities," he added.

He further urged the people not to believe rumours regarding the coronavirus adding that ''in their own interest and in the interest of their families and the country, the people should coperate with the government.

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