TN government working on plan to support MSMEs hit by pandemic, says Minister
Minister for Rural Industries T.M. Anbarasan mentioned the plan to be unveiled, would come with a scheme for revival of the MSMEs and off setting the job losses via the creation of recent jobs and by encouraging digitalisation
Minister for Rural Industries T.M. Anbarasan mentioned the State government is working on a plan to assist MSMEs which have been hit exhausting by the second wave of COVID-19 pandemic.
“Amid COVID-19, MSMEs are facing financial stress, shortage of labourers as guest workers have returned to their home states and increase in production costs,” he mentioned at a webinar organised by the Southern India Chamber of Commerce & Industry (SICCI).
Mr. Anbarasan mentioned the plan to be unveiled, would come with a scheme for revival of the MSMEs and off setting the job losses via the creation of recent jobs and by encouraging digitalisation. The State government has introduced capital subsidy for MSMEs and waived of registration charges until December, amongst different measures..
‘What Tamil Nadu Needs: SICCIs Policy Recommendations for the New Government’, was the theme for the webinar.
Ar Rm Arun, president, SICCI identified that the MSMEs have been dealing with plenty of stress and are discovering it tough to avail of working capital from the banks. He urged measures together with providing a mortgage moratorium for MSMEs and requested the State government not to levy fastened expenses cost on electrical energy, amongst others.
Mr. Anbarasan mentioned the government will take into account the measures. He identified that Tamil Nadu is the third-biggest state for MSMEs after Uttar Pradesh and West Bengal. The state has 23.60 lakhs MSMEs offering 1.52 crore jobs.
“The MSMEs are a major contributor to the State’s economic growth, after agriculture. The DMK government plans to make Tamil Nadu the number one state for MSMEs,” the Minister added.