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Kerala announces Rs 1416 crore package for MSMEs

Kerala Government has announced a package of Rs 1416 crore relating to the observation of Micro, Small and Medium-sized Enterprises (MSMEs) Day on Sunday.

The financial package was announced by Kerala Finance Minister KN Balagopal during a webinar organised by the Industries Department.

The package was to support MSMEs to overcome financial crisis due to the second wave of COVID and lockdown in the State, he said.

The MSME Day is celebrated every year on June 27 to recognise the contribution of MSME industries in the implementation of the Sustainable Development Goals (SDGs).

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