Combating Covid: Odisha CM approves Rs 289.42 cr package for MSME sector 21
Bhubaneswar: Chief Minister Naveen Patnaik on Tuesday approved a package of Rs.289.42 cr for the benefit of MSMEs in a bid to combat Covid pandemic situation in the state.
A number of assistance measures such as interest subvention, top-up subsidy, reimbursement of State GST and waiver of annual institutional maintenance charges are included in the package.
According to reports, this package will benefit entrepreneurs, mostly women and weaker sections of society, in the MSME sector of the state to recover from the unexpected challenges by the Covid-19 pandemic.
The Government will provide an interest subvention for the MSMEs under Emergency credit line Guarantee scheme with one year moratorium.
Odisha announces Rs 289.42 cr as Covid assistance to MSMEs
By IANS |
Published on
Tue, Dec 15 2020 17:21 IST |
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Naveen Patnaik.. Image Source: IANS News
Bhubaneswar, Dec 15 : Odisha Chief Minister Naveen Patnaik has approved a package of Rs 289.42 crore for the benefit of MSMEs in order to combat the Covid-19 pandemic situation in the state.
The package includes a number of assistance measures such as interest subvention, top-up subsidy, reimbursement of state GST and waiver of annual institutional maintenance charges.
It is aimed at benefiting a range of entrepreneurs, mostly women and weaker sections of society, in the MSME sector of the state to recover from the unexpected challenges by the Covid 19 pandemic, said a statement from the Chief Minister s Office (CMO).