Live
- Police Security Tightened at Allu Arjun’s Residence After OU JAC Vandalism
- ED Likely to Issue Notices to BRS Working President KTR Today
- CM Chandrababu Naidu to Attend Christmas Celebrations in Amaravati Today
- CM Revanth to Review Projects with Senior Officials Today
- Fix Ozone Layer Depletion
- Harish Rao to Visit Medak Today for Centenary Celebrations
- Irregularities in TUDA under vigilance scanner
- ‘Pushpa-2’ row: Celebs & politicos fail to act fairly
- Learn from fighting spirit of women bravehearts: VHP VP
- BJP MP Arvind, MLA Sanjay Kumar meet CM Revanth
FSME India for removal of reimbursements
Federation of Small and Medium Enterprises of India (FSME India) urged AP Chief Minister YS Jagan Mohan Reddy to do away with the system of reimbursement of incentives being offered to industries
Amaravati: Federation of Small and Medium Enterprises of India (FSME India) urged AP Chief Minister YS Jagan Mohan Reddy to do away with the system of reimbursement of incentives being offered to industries.
"There is an inordinate delay in the payment of industrial incentives due to reimbursement system. Instead, the government should directly pay the incentives to the banks when they sanction the loan. This should applied to incentives for power and on interests. That way, financial burden on industries could be reduced," APK Reddy, national president, FSME India, said while speaking at 'Mana Palana, Mee Suchana' programme chaired by AP CM YS Jagan Mohan Reddy in Amaravati on Thursday.
He also sought special SLBC for industrial sector, industrial clusters for MSME sector, regular update of data related to sick industries, etc.
