Chennai, June 27 -- Loans worth Rs 432 crore have been disbursed to 2,881 Micro, Small and Medium Enterprises (MSMEs) in Tiruppur district under Emergency Credit Line Guarantee Scheme (ECLGS), said District Collector K Vijayakarthikeyan.
According to a press communique on Friday, the Collector presided over a meeting with representatives of MSMEs, banks and district administration officials to discuss the practical difficulties in the MSME units receiving these loans from banks and how to rectify these issues.
''The rest of the MSME units in the district will receive the 20% loan,'' said Vijayakarthikeyan.
In a bid to compete with the global market, the representatives were also asked to increase production, improve the product qualit...