The Tiruppur Exporters’ Association (TEA) recently requested finance minister Nirmala Sitharaman to ask the Reserve Bank of India (RBI) to relax the eligibility condition for micro, small and medium enterprises (MSMEs) for the recently-announced Emergency Credit Line Fund so that MSMEs having credit exposure of more than ₹25 crore can also receive 20 per cent of outstanding credit.
In a press release, TEA president Raja M Shanmugham said this is needed to allow such MSMEs to start operations and continue to provide employment, bring them back to normalcy and revive exports.
A separate representation on the same issue has also been sent to the Prime Minister Narendra Modi.
- Apparel, Fashion & Retail2023.02.04Regulations Create Challenges and Opportunities for Industrial Inkjet Printing : 2023 Trends
- Fibres and Yarns2023.02.04Fiberglass Market worth $38.8 billion by 2027
- Events Updates2023.02.04Vibhas Sen awarded with Indira Diversity Award 2023
- Market Reports2023.02.04Bookbinding Adhesives Market worth $2.1 Billion by 2027