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Garment exporters seek financial support Updated: Updated: Share Article AAA Garment exporters in Tiruppur have appealed to Union Finance Minister to announce measures that will provide financial support to the exporting units. In a memorandum to the Finance Minister, the Tiruppur Exporters’ Association (TEA) president Raja M. Shanmugham said that major European countries have gone into lockdown. In India, two month lockdown last year had resulted in hike in raw material prices. These factors have affected funds availability to Micro, Small and Medium-scale Enterprises (MSMEs) in the garment sector. Hence, the government should provide additional 20 % credit outstanding under the Emergency Credit Line Guarantee Scheme to garment units as done to hospitality and tourism sectors. The labour-intensive garment sector is going through financial stress and hence, its needs additional credit support. The Interest Equalisation Scheme, which was extended till June 30, should be ex

Tamil naduRajam shanmughamTiruppur exporter associationEnterprises msmesUnion finance ministerFinance ministerMedium scale enterprisesEmergency credit line guarantee schemeInterest equalisation schemeExport productsதமிழ் நாடுதிருப்பூர் ஏற்றுமதியாளர் சங்கம்தொழிற்சங்கம் நிதி அமைச்சர்நிதி அமைச்சர்நடுத்தர அளவு நிறுவனங்கள்அவசரம் கடன் வரி உத்தரவாதம் திட்டம்