COVID Relief Development Scheme in Tamil Nadu

COVID Relief and Development Scheme in Tamil Nadu 2020

The Coronavirus pandemic has affected various sections of the society. Apart from the normal life of the residents of the nation, it has seriously impacted the trade and commerce sectors. Presently, the central and state governments in India have implemented complete lockdown. Under such circumstances, the business owners are incurring massive financial losses. The corporate giants have adequate resources to tackle this fiscal damage. However, it is not applicable for the venture owners, who belong to micro and medium categories.

To offer relief to such business owners, the Tamil Nadu government has development and implemented the COVID Relief and Development Scheme. The guidelines of this project highlight that the venture owners, who are registered under the MSME will be able to attain the benefits. The official announcement of this scheme was made by the Chief Minister Edappadi K Palaniswami, on 1st April, 2020.

The Chief Minister pointed out that the implementation of this project will assist around 2000 ventures, which come under the MSME. He mentioned that the scheme has been developed for those business owners, who had applied and obtained loan for the development of their respective ventures. The scheme guidelines state that the application of those candidates will be accepted who had taken loan from Tamil Nadu Industrial Investment Corporation.

The Tamil Nadu Finance Department has already allocated a whopping sum of Rs. 200 crore. He has requested the home owners to be considerate towards others. The home owners have been instructed to collect the rent for the months of March and April after two months.

Apart from this, Tamil Nadu Chief Minister also stated that creditors, who had obtained home loan, agricultural loan or business loan, will not have to pay the EMI installments for till 30th June, 2020.

Additionally, the Chief Minister has requested the inhabitants of the state to follow the lockdown rules. He stressed on the fact that people must remain indoors and observe social distancing policies. If the people act accordingly, then the state will be able to prevent the rampant spread of COVID-19 disease. The Tamil Nadu authority has fixed a time limit for the people to venture outdoors for purchasing essential commodities.

If we are to fight Coronavirus, then people must cooperate with the government. If the COVID -19 disease enters its third stage of community transmission, then it will become impossible for the authority to take preventive measures.

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