Tamil Nadu - Chennai   

Sops to micro and small enterprises sought

CHENNAI: The Industrial and Financial Reconstruction Association for Small and Tiny Enterprises , a Chennai-based body, has appealed to Prime Minister Manmohan Singh, to order an immediate establishment of a corpus of Rs. 10,000 crore for extending various sops to micro and small enterprises (MSEs). This would improve balance sheets of the beleaguered MSEs. In a memorandum presented to the Prime Minister early this week, the Association wanted the Union government to order freezing of outstanding loans of the micro, small and medium enterprises as on June 30, 2008, and treat them as term loans with a repayment period of 24 months at an interest rate of eight per cent. New line of credit, equivalent to 80 per cent of the outstanding loans at an eight per cent interest rate, should be extended to tide over any liquidity problem of the MSEs, according to a release.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

‘Rosiglitazone’ removed from diabetes drugs
Now it’s trade that voices concern at delay in port connectivity project
Two more in hospital for diarrhoea
State puts flood damage at Rs.3,789 cr.
Award for T.N. Seshagopalan
Global Hospitals launched
Winter science camp
Flights diverted
Month-long Thirupavai discourses
Swamy’s poser to Karunanidhi
Vaiko calls on Jayalalithaa
“Consider plea to appoint physical director in schools”
Notorious criminal arrested
Sops to micro and small enterprises sought
Farmers arrested in delta districts
“Education system must respond to the needs of pluralistic India”
A special birthday for chess king at Vidya Sagar
A positive action plan for HIV/AIDS Workplace policy
It is time we woke up to this issue haunting our children
Training in solid waste management
“Make buildings energy efficient”
Free course in media studies
Additional overhead tank in Koyambedu
Garbage transfer stations planned
“Use unreserved ticketing terminals at suburban stations”
Certificate verification on December 15
Three juveniles arrested
Assumes office
Petition against Arumugam dismissed
Governor participates in trigonometry workshop
A ray of hope for HIV-infected
Two law college students arrested
Postponed
Chennai Today

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu