Over 90% of MSME units resume functioning in Punjab: Min

| | Chandigarh
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Over 90% of MSME units resume functioning in Punjab: Min

Wednesday, 16 September 2020 | PNS | Chandigarh

Of the total 2.6 lakhs Micro, Small and Medium Enterprises (MSMEs) in Punjab, over 90 percent — that is 2,34,072 units — involving 15.78 lakh workers, have resumed their operations and economic activity. “Owing to several key initiatives taken by the Congress led Punjab Government, as many as 2,34,072 units have resumed their operations,” said the state Industries Minister Sunder Sham Arora on Tuesday, while assuring all aggressive assistance from the State to manage and alleviate COVID-19 induced stress. Referring to various initiatives taken by the Government during COVID, Arora said that in order to give relief to the industries, PSIEC (Punjab Small Industries and Export Corporation Limited) had announced extension in time period of Amnesty Scheme besides announcing an OTS (one time settlement) schemes of Punjab State Industrial Development Corporation Limited (PSIDC) and Punjab Financial Corporation (PFC).

The Minister said that power subsidy of Rs 2920 crore has also been provided to industrial units, besides Rs 525 crores have been spent on improvement of industrial infrastructure.

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