Help us pay salaries, Kassia urges Nirmala Sitharaman
The Hindu
The Karnataka Small Scale Industries Association (Kassia) has urged the Union government to provide direct financial grants to small and medium enterprises (SMEs) by paying 50% of the salaries of thes
The Karnataka Small Scale Industries Association (Kassia) has urged the Union government to provide direct financial grants to small and medium enterprises (SMEs) by paying 50% of the salaries of these units at least for the next three months. “This will not only help keep these units and their employees alive but will also stimulate the economy in multiple ways,” the industry body wrote to Union Finance Minister Nirmala Sitharaman. In the absence of a quick and targeted one-time cash infusion into the sector, some 25 to 30 per cent of the SMEs in Karnataka employing lakhs of people may completely go out of business, it cautioned.More Related News
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