Thiruvananthapuram:The Kerala government has announced a Rs 1,416 crore relief package for micro, small and medium enterprises (MSMEs) to help them overcome the crisis caused by the second wave of COVID-19.

The Government would be coming out with a second package for Micro, Small and Medium Enterprises (MSMEs). Under this Scheme  Kerala State Industrial Development Corporation (KSIDC) would be giving loans at 5 per cent interest, besides an additional three-month waiver on repayments after the existing moratorium ends.  This was announced by the Industries Minister P Rajeev, aid on Thursday.

Under the package, The government intends to promote in a big way the industries unique to Kerala, like agro-based and fish processing.  some of the focus groups would be women, especially widows, youth and pravasis returning to India, the minister told a meet-the-press programme organised in Thiruvananthapuram.

The minister also highlighted the steps taken by the LDF government for completing various "flagship projects", including the Kochi-Bangalore industrial corridor, announced and launched by the previous administration in a timely manner. A monitoring mechanism has been put in place for all these projects and evaluation meetings have been held in respect of each and they were all proceeding speedily, he said.

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