The lopsided rural-urban spread of ATMs and bank branches has snuffed out economic activity in rural India, with micro, tiny and small enterprises finding it impossible to get cash in 100-rupee notes for their daily operations. Consider this statistic: every bank branch in a rural and semi-urban …
Tag: Tamil Nadu Small and Tiny Industries Association
No sign of fresh industrial development in Tamil Nadu
There is no sign of industrial development taking place in Thoothukudi (Tuticorin) district, which attracted a big chunk of investments at Global Investors Meet (GIM) held in Chennai last year. The industry stakeholders in Thoothukudi hoped a lot to happen, but there is hardly any progress even a…
Chennai floods wash out Rs 1,700 crore MSME business | SMERA Report
Of the estimated Rs 15,000 crore losses due to the recent devastating floods in Chennai, coastal Tamil Nadu and the neighboring Puducherry, MSMEs bore the maximum brunt of about Rs 1,700 crore, says a report. On a most conservative side, MSME sector has lost nearly Rs 1,700 crore to the calamity …