What Political Parties Have Promised
While the sector has been facing huge losses, all political parties have canvassed for support in Coimbatore promising development.
During his visit to Coimbatore, Prime Minister Narendra Modi spoke about how the MSME sector is crucial for building ‘Atmanirbhar Bharat.’ He assured that the Centre will work in unison with the state government to offer incentives and schemes to help improve the MSME sector. He pointed out that emergency credit guarantee scheme, the biggest fiscal component of the Rs 20 lakh crore Atmanirbhar Bharat Abhiyan package, was announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress caused by the lockdown due to COVID-19.
But data shows that there have been only 50 lakh beneficiaries of the seven crore units in the country.
Recently, Tamil Nadu Chief Minister Edappadi Palaniswami unveiled the state MSME policy 2021, assuring two lakh crore worth investment and jobs for 20 lakh people….