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FTCCI seeks immediate support finance, other relief measures for MSMEs

FTCCI seeks immediate support finance, other relief measures for MSMEs May 28, 2021 Seeks new scheme on the lines of Emergency Credit Line; revisit criteria for NPA classification Following the second wave of Covid-19 leading to lockdown in several states, the industrial sector, particularly MSMEs, which are passing through a critical time, has sought financial support and other relief measures. At a meeting organised by the Federation of Telangana Chambers of Commerce and Industry to deliberate on the problems confronting MSMEs, various issues were discussed, and they decided to submit representations to the Finance Minister and Governor of the RBI seeking relief.

Measures to support MSMEs sought

CII-TS hails decision on lockdown

Industries Department stresses on operations with appropriate COVID-19 protocols The Confederation of Indian Industry, Telangana (CII-TS) has appreciated Telangana government on its decision to impose State-wide lockdown for ten days from May 12. “During the current pandemic situation, saving lives should be the top most priority,” CII Telangana Chairman Sameer Goel said in a statement. There is a need to break the chain and minimise the transmission links and the lockdown may help. All essential services, prioritised sectors should be allowed to function, he said. A GO from Industries and Commerce Department, on the lockdown guidelines, said all manufacturing industries are permitted to function following appropriate COVID-19 protocol standard operating procedures.

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