Live
- Gentle in manner, resolute in convictions: Sonia Gandhi pens emotional note for Dr. Manmohan Singh
- 2024: A landmark year for India's defence achievements and breakthroughs
- 2025 Horoscopes: Insights and Guidance by Pt. Umesh Chandra Pant
- Osamu Suzuki was a legendary figure in global auto industry: PM Modi
- “AMOEBA”: Celebrating the Journey of Telugu Entrepreneur Sri Motaparti Siva Rama Vara Prasad
- Sachin Khedekar recites a poem from director Feroz Abbas Khan’s powerful new play, ‘Hind 1957’
- NABL-QCI appoints Dr. Sandip Shah as chairperson
- Centre transfers Rs 2.23 lakh crore for 1,206 schemes under Direct Benefit Transfer
- BGT 2024-25: Watching Konstas bat reminds me of Symonds, says Hayden
- 75 iconic lighthouses in India saw more than 10 lakh visitors till September
CII AP lauds Navodayam scheme
Industry body CII Andhra Pradesh on Friday welcomed Andhra Pradesh Government’s move to support MSMEs by one-time restructuring of stressed loans by banks and Non-Banking Finance Corporations (NBFCs) as per the Reserve Bank of India (RBI) norms up to March 31, 2020.
Hyderabad: Industry body CII Andhra Pradesh on Friday welcomed Andhra Pradesh Government's move to support MSMEs by one-time restructuring of stressed loans by banks and Non-Banking Finance Corporations (NBFCs) as per the Reserve Bank of India (RBI) norms up to March 31, 2020.
Vijay Naidu Galla, Chairman, CII Andhra Pradesh, appreciated Andhra Pradesh government for launching 'Dr YSR Navodayam' scheme keeping in view of liquidity crunch faced by MSMEs and the difficulty in raising working capital in present times.
The majority of MSMEs in the State are in food processing, minerals, building materials, pharmaceuticals and fabricated material business. Micro, Small and Medium Enterprises (MSMEs) would greatly benefit from YSR Navodayam scheme, he added in the statement.
Galla felt that the government's move to support MSMEs will certainly accelerate Industrial growth and would act as stimulus for the economy.
