Market Reports

The demands of Surat Textile Industry

Published on 
Author: TEXTILE VALUE CHAIN

- Exemption from interest by banks on term loans during lockdown period - Guidelines for all banks to facilitate channel finance - Pay to retailers as soon as possible by PSU - Guidelines should be issued regarding the salary of employees - Full interest waiver and penalty relief in income tax and GST interest rate - Loans up to Rs.15 lakhs without security - Exemption from fees levied by banks for digital payments - Group medical insurance scheme for employees by the government - Three months moratorium of EMI to be given by the bank for one year till March 31, 2021 - 8 to 12 percent bank interest should be reduced to 4 percent - Demand for bank guarantee for subsidy should be relieved - Traders subsidy is pending, it should be released - Study report of Surat textile industry - Normalize GST and provide incentives for exports - Small shopkeepers should get loans without interest to maintain their business

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