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Extend loan moratorium by one more year: Industries | Coimbatore News


Coimbatore: Industrial associations in the district have appealed finance minister Nirmala Sitharaman to direct banks to extend the moratorium on term loan by another one year to June 30, 2022.
With the one-year moratorium period that was announced last year coming to an end, they said many industrial players, who are crippled by the hike in raw material price, wouldn’t be able to repay their term loans.
They wrote to the finance minister on Thursday, stating the micro, small and medium enterprises (MSMEs) were only recovering from the impact of last year’s lockdown and heavily hit by the unprecedented and abnormal increase in prices of raw materials by 70%. They said the second wave of Covid-19 had also affected them. ....

Nirmala Sitharaman , Mv Ramesh Babu , Coimbatore District Small Industries Association , Emergency Credit Line Guarantee Scheme , வ் ரமேஷ் பாபு , கோயம்புத்தூர் மாவட்டம் சிறிய தொழில்கள் சங்கம் , அவசரம் கடன் வரி உத்தரவாதம் திட்டம் ,