CHENNAI:
In a letter to Chief Ministers of Andhra Pradesh, Bihar, Chhattisgarh, Delhi, Jharkhand, Kerala, Maharashtra, Odisha, Punjab, Rajasthan, Telangana, and West Bengal, he said there is asymmetry in treatment of borrowers, particularly MSME units and small borrowers during the first and second waves of Covid-19.
“In April/May, 2020 when the Government of India had announced the nationwide lockdown, a moratorium was offered on repayment of loans for such borrowers. However, in April-June, 2021 when lockdowns are being imposed, based on local conditions, by the respective states, similar relief to borrowers is not being provided for,” Stalin said.
Stating that he has taken up the issue with the Central government, Stalin requested the 12 Chief Ministers to write to both the Union Finance Minister and the Governor, Reserve Bank of India to prevail on them to offer loan repayment for at least the first two quarters of 2021-2022 to all small borrowers with outstanding up to Rs 5 crore in view of the lockdowns induced by the second wave of Covid-19.
The absence of such relief measures would force many businesses to close and would lead to widespread economic distress. These MSMEs and small businesses are the mainstay of our economy and employment generation, Stalin added.
Stalin also said several Chief Ministers had written to the Central government that it would be the appropriate purchaser of Covid-19 vaccine than the states.
“I am happy that all our collective efforts have been instrumental in convincing the Union Government and the Hon’ble Prime Minister has reversed the earlier policy yesterday,” he said.
Several states including Tamil Nadu had floated global tender to purchase Covid-19 vaccines but did not get even a single bid.
more recommended stories
SC to Consider Urgent Listing of Plea Seeking Restoration of Statehood to J&K in Time-bound MannerNEW DELHI:The Supreme Court on Thursday.
SC Summons Chief Secretaries of Punjab, Haryana Over Stubble BurningNEW DELHI:The Supreme Court on Wednesday.
Heavy Rain Continues in Chennai, Waterlogging in Several AreasCHENNAI:Heavy rain continued in Chennai and.
Ratan Tata Embodied Hope and Success of Emerging India: V K MathewsTHIRUVANANTHAPURAM:Expressing profound grief at the passing.
Dharwad MLA Vinay Kulkarni Booked for Raping, Kidnaping 34-year-old WomanBENGALURU:Congress MLA Vinay Kulkarni from the.
Delhi HC Adjourns Hearing on Plea Seeking Cancellation of Rahul Gandhi’s CitizenshipNEW DELHI:The Delhi High Court on.
Gorakhpur City Deploys Manhole-cleaning Robot of Kerala-based GenroboticsNEW DELHI:Marking a significant move to.
Over 400 NLFT-ATTF Militants to Surrender in Tripura on TuesdayAGARTALA:Three weeks after an agreement with.
Nityanand Rai Tells IPS Probationers to be Ready to Face New ChallengesHYDERABAD:Union Minister of State for Home.
Telangana Congress MLA Offers Reward for ‘Beheading’ Union Minister BittuHYDERABAD:A Congress MLA in Telangana has.