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UP govt waives fixed charges for MSMEs

Updated: May 04, 2020 06:59:24am
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UP govt waives fixed charges for MSMEs

Lucknow, May 4 (KNN) In a bid to give more relief to Micro, Small and Medium Enterprises (MSMEs) the Uttar Pradesh (UP) government has waived of fixed charges for Micro Small and Medium Enterprises (MSME) industries and commercial users during period of Covid-19 lockdown.

“Bills for industrial and commercial users will be raised on actual readings during March and April, 2020,” an official statement from the UP government said.

“Fixed and capacity (demand) charges for March and April will be waived...This is going to benefit 17.23 lakh consumers with industrial and commercial connections,” the statement added.

Fixed charge for industries is based on the electricity load they consume during operation of industries.

UP power Minister Srikant Sharma said that the decision has been taken to offer the sop to industries which were hit by the lockdown in the wake of the COVID-19 pandemic.

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