MP Su. Venkatesan seeks relief for MSMEs hit by U.S. tariffs, urges RBI to ease NPA norms
Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Mr. Venkatesan pointed out that the impact is severe in Tamil Nadu, a major exporter of textiles, where the majority of units belong to MSMEs
Key Facts
Type Legislation
Source The Hindu - National
Published Saturday, 7 March 2026
Affected Population 63 million MSMEs, export-import community
Key Numbers
Merchandise exports: $437 billion (2024-25)
FDI inflow: $71 billion (2024-25)
PLI scheme: Rs 1.97 lakh crore across 14 sectors
GDP: $3.9 trillion (2025 est.)
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right