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MSMEs seek financial package Updated: Updated: Share Article AAA Industries, particularly the Micro, Small and Medium-scale Enterprises (MSMEs) in Coimbatore and Tiruppur districts have appealed to the Central and State governments to extend a special financial package to the units. The Industrial Associations of Coimbatore appealed to the Union Finance Minister to announce a stimulus package for MSMEs that are affected by the pandemic and lockdown. The interest moratorium for six months has been debited with the entire six months interest on March 31, this year. Further, one-year interest moratorium for principal repayment will start for all the units from June. The units that are already under stress due to interest moratorium and price increase of raw materials, will not be able to meet the payment deadline set by the banks. More than 80% of the MSME units will become NPA and will be forced to shut down their operations, the associations pointed out.

Tamil naduRajam shanmughamTiruppur exporter associationCottage entrepreneurs associationServices taxEnterprises msmes in coimbatoreApparel export promotion councilMedium scale enterprisesIndustrial associationsUnion finance ministerExporter associationEmergency credit line guarantee schemeTirupur district microExport promotion councilதமிழ் நாடுதிருப்பூர் ஏற்றுமதியாளர் சங்கம்