Interim budget 2024: Coimbatore industries welcome plans to invest more in infrastructure thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Micro, small & medium enterprises (MSMEs) in Coimbatore have threatened another round of protest demanding a reduction in power tariffs in the district. They will hold a human chain protest on Wednesday across the state to pressure the government to decrease the power tariff.
MSME unit owners to stage protest in Coimbatore on September 7 to highlight demands related to electricity tariff thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Industries seek early release of support under ECLGS
Updated:
Updated:
Share Article
AAA Micro, Small and Medium-scale Enterprises (MSMEs) here have urged the banks to release at the earliest the 10 % assistance announced by the government under the Emergency Credit Line Guarantee Scheme (ECLGS).
R. Ramamoorthy, former president of the Coimbatore District Small Industries’ Association, said the units had sought 40 % support when the Scheme was announced last year. However, the government had announced 20 % assistance. It has now provided additional 10 % support. The government should provide another 10 % assistance under the Scheme and the banks should start releasing the funds at the earliest. “It will help the MSMEs disburse salaries and meet other fixed expenses,” he added.