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MSMEs from Noida Complains For No Support from the State Govt.

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Micro, Small and Medium Enterprises (MSMEs) in Noida and Greater Noida are considering to close down their units after getting no support from the government.

“After completing one month of the lockdown, entrepreneurs are now calling and saying they are very upset that after this long wait, they are not getting any relief from the government,” Noida Entrepreneurs’ Association (NEA) President Vipin Malhan said in a statement.

Malhan said entrepreneurs are planning to close their units if they do not get any relief. They are already in loss due to worldwide recession and they have huge loans and liabilities.

”How can they survive now?,” Malhan asked.

NEA vice president and spokesperson Sudhir Srivastava has said that entrepreneurs’ body has sought government help so that these businesses can re-establish themselves.

”Banks should completely waive the interest on loans for the lockdown period, while salaries given by the companies should be borne by the Employees’ State Insurance (ESI) during this period of restriction,” NEA demanded.

“Fixed charge in the electricity bill should be waived for the lockdown period. Lease rent charged by Noida Authority should also be waived for the lockdown period. Banks should provide interest-free loan to entrepreneurs for one year so that they can re-establish themselves,” Srivastava added.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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