UCCI Requests Odisha Govt To Bail Out MSMEs, Start-Ups With Wage Payment From Funds

Bhubaneswar: The Utkal Chamber of Commerce & Industry Ltd. (UCCI) on Wednesday requested the state government to consider the making of wage payments during the lockdown period from the fund, to the tune of Rs 84,000 crore available with ESI.

Raising the plight of MSMEs, UCCI president Ramesh Mahaptra  also requested the granting of equivalent amount of working capital loan, additional MUDRA loan on subsidised rate of interest and waiver of interest on term loan and working capital loan from March 2020 till normalcy is restored. 

He also requested for immediate release of payments due to Industries/MSMEs by PSUs and other Central & State Govt. agencies.