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Naveen announces Rs 289 crore package for MSMEs to combat COVID-19 outbreak

Naveen announces Rs 289 crore package for MSMEs to combat COVID-19 outbreak PNN Bhubaneswar: Chief Minister Naveen Patnaik has approved a package of Rs 289.42 crore for the benefit of MSMEs in order to combat the 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. The package 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. As per the provision, the government will provide an interest subvention for the MSMEs under emergency credit line guarantee scheme with a one-year moratorium.

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