Gujarat Announces Flood Relief Package for MSMEs
Gujarat Announces Flood Relief Package for MSMEs
Gujarat Announces Flood Relief Package for MSMEs
News summary

The Gujarat government has announced a relief package aimed at aiding micro, small, and medium enterprises (MSMEs) in Vadodara that suffered losses due to recent floods. The package includes financial assistance of ₹5,000 for street vendors, ₹20,000 for small cabins, and ₹40,000 for larger cabins, along with ₹85,000 for small and medium-sized permanent shops. Additionally, shop owners with monthly turnovers exceeding ₹5 lakh may apply for loans of up to ₹20 lakh at a subsidized interest rate for three years. Applications for relief must be submitted by October 31. The announcement follows significant public discontent directed at the ruling BJP for their delayed response to the crisis, with opposition parties demanding higher compensation for affected residents. The financial specifics of the relief package remain unclear, as the government is still assessing the total damage caused by the floods.

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