Chennai: Tamil Nadu Chief Minister M.Okay. Stalin on Tuesday urged his counterparts in 12 states to hunt that the Central authorities and the Reserve Financial institution of India (RBI) present a mortgage moratorium to micro, small and medium enterprises (MSME) as a result of lockdown this yr.
In a letter to Chief Ministers of Andhra Pradesh, Bihar, Chhattisgarh, Delhi, Jharkhand, Kerala, Maharashtra, Odisha, Punjab, Rajasthan, Telangana, and West Bengal, he stated there may be asymmetry in remedy of debtors, significantly MSME models and small debtors throughout the first and second waves of Covid-19.
“In April/Could, 2020 when the Authorities of India had introduced the nationwide lockdown, a moratorium was supplied on compensation of loans for such debtors. Nevertheless, in April-June, 2021 when lockdowns are being imposed, based mostly on native circumstances, by the respective states, related aid to debtors is just not being supplied for,” Stalin stated.
Stating that he has taken up the difficulty with the Central authorities, Stalin requested the 12 Chief Ministers to put in writing to each the Union Finance Minister and the Governor, Reserve Financial institution of India to prevail on them to increase the length of mortgage compensation for the primary two quarters of 2021-2022 to all small debtors with excellent as much as Rs 5 crore in view of lockdown the Corona epidemic.
The absence of such aid measures would pressure many companies to shut and would result in widespread financial misery. These MSMEs and small companies are the mainstay of our economic system and employment era, Stalin added.
Stalin additionally stated a number of Chief Ministers had written to the Central authorities that it might be the suitable purchaser of Covid-19 vaccine than the states.
“I’m completely happy that each one our collective efforts have been instrumental in convincing the Union Authorities and the Hon’ble Prime Minister has reversed the sooner coverage yesterday,” he stated.
A number of states together with Tamil Nadu had floated world tender to buy Covid-19 vaccines however didn’t get even a single bid.
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