Hailing the Reserve Bank of India’s move to cut the repo rate, CRR and reverse repo and directing banks to keep the moratorium on payment of EMIs for three months as timely measures that will help in the economic recovery, the small industries body Karnataka Small Scale Industries Association (Kassia) has urged the state government to announce similar measures.
“We would like to request the state government to provide similar relief for payments of fixed charges, electricity and water bills by the SMEs for the next three months as it will be critical for them to pick themselves up,” R Raju, President, Kassia said on Friday.
