MSME breathes a sigh of relief as the Government sanctions 905 crore

Lockdown may be a relief to the pandemic and a sign of recovery rate but it has hit many industries for sure.

Seeing the current scenario, Chief minister YS Jagan Mohan Reddy, sanctioned 905 crore to the MSME ( Micro, Small and Medium enterprises) so that the adversity impact can decrease on them.

Many of the industries are in a state to not pay salaries aa there is no cash inflows.

Industries being hit and employees facing the brunt of it, now the burden has been deduced as half of the amount will be remitted in this month and the next month too.