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Small scale, tiny units want interest waiver to survive Covid-19 impact ​ By IANS | ​ 7 Views Small scale, tiny units want interest waiver to survive Covid-19 impact. Image Source: IANS News Chennai, April 28 : With Covid-19 related lockdown in different parts of the country affecting production and sales, micro and small scale units are pleading for interest waiver, moratorium and lending against credit guarantees. An official of a public sector bank preferring anonymity told IANS that if the government does not come out with a package, then the non-performing assets (NPA) of the banking sector are set to surge ahead this year. Already 40 per cent of our member units are sick for want of working capital and raw material. Further the increase in raw material prices have hit the units hard, Tamil Nadu Small and Tiny Industries Association (TANSTIA) President S. Anburajan told IANS.

Tamil naduKv rama moorthyTiny industries associationTamilnad mercantile bankCredit guarantee corporationNadu smallDeposit insuranceGuarantee corporationMercantile bank managing directorதமிழ் நாடுக்வ் ராமா மூர்த்திசிறியது தொழில்கள் சங்கம்தமிழ்நாடு வணிக வங்கிகடன் உத்தரவாதம் நிறுவனம்நாடு சிறியவைப்பு காப்பீடு