Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
Can Trump wield his big stick?
access_time 22 Nov 2024 10:39 AM GMT
election commmission
access_time 22 Nov 2024 4:02 AM GMT
Champions Trophy tournament
access_time 21 Nov 2024 5:00 AM GMT
The illness in health care
access_time 20 Nov 2024 5:00 AM GMT
The fire in Manipur should be put out
access_time 21 Nov 2024 9:19 AM GMT
America should also be isolated
access_time 18 Nov 2024 11:57 AM GMT
DEEP READ
Munambam Waqf issue decoded
access_time 16 Nov 2024 5:18 PM GMT
Ukraine
access_time 16 Aug 2023 5:46 AM GMT
Foreign espionage in the UK
access_time 22 Oct 2024 8:38 AM GMT
exit_to_app
Homechevron_rightKeralachevron_rightKerala Govt announces...

Kerala Govt announces Rs 1416cr package to support MSMEs amid pandemic

text_fields
bookmark_border
Kerala Govt announces Rs 1416cr package to support MSMEs amid pandemic
cancel

Thiruvananthapuram: On world Micro, Small and Medium-sized Enterprises (MSMEs) Day on Sunday, Kerala Government has announced a package of Rs 1416 crore amid the COVID-19 pandemic-induced crisis.

P Rajeev, Minister for Industries and Law, said that the scheme could benefit those enterprises that are struggling due to the restrictions caused by the COVID pandemic. The scheme would also help struggling enterprises stand back on their feet, he added.

The support includes 50% interest for loans taken by MSMEs and increasing subsidy support for new enterprises from Rs 20 lakh to Rs 30 lakh. The subsidy would be increased to Rs 40 lakh for enterprises in the industrially backward districts of Kasaragod, Wayanad and Pathanamthitta,

More relief in interest rates and in rentals are to be provided for industries that function under the Kerala Industrial Infrastructure Development Corporation (KINFRA) and Kerala State Industrial Development Corporation (KSIDC).

The scheme which will be made available from July to December 2021, also has major loan schemes to help revive the MSMEs.In the first phase, the KSIIDC will provide loans worth Rs 100 crore at a 5% interest rate for 150 new entrepreneurs.

Meanwhile, MSME Day is celebrated every year on June 27 to recognise the contribution of MSME industries in the implementation of the Sustainable Development Goals (SDGs).

Show Full Article
TAGS:Kerala govtCovid 19World MSME dayfinancial package
Next Story