MADURAI: Lok Sabha MP from Madurai Mr.S.Venkatesan has today made a fervent appeal to Union Finance Minister Mrs.Nirmala Sitaraman to immediately relax the bank norms for MSMEs in India because their exports are severely affected due to additional import tariffs levied by USA and the Trump government there.
“I am requesting you to provide relief for MSMEs in our country. Please advise the Reserve Bank of India to relax the norms by directing the banks not to classify MSME dues as NPAs during this crisis period. Till the America tariff issue is resolved, the relief must be extended since our micro, small and medium enterprises are hit in their exports due to Trump tariff hike,” Mr.Su.Venkatesan had pointed out in his letter to the Union Finance Minister today-August 28th 2025.
The Madurai MP has said in his letter that many MSMEs are under severe distress due to the additional import tariffs imposed by USA which may consequently result in NPAs arising from non-payment of their bank dues.
“There are reports that our industries will have adverse implications in MSME sector. They contribute nearly 45 per cent of India’s total exports and sectors such as textiles, seafood, gems and jewellery will be badly hit. The Trump tariff impact is especially severe in Tamil Nadu which is a major exporter of textiles. They are now facing a sudden buildup of stocks due to postponed export deliveries based on instructions from their overseas customers. The entire supply chain from spinning to garments has been disrupted now for last one month. So, keeping in mind the challenging times faced by MSMEs to meet their bank obligations, I am requesting the Union Finance Minister to intervene immediately and advise the RBI to relax bank norms for payment of dues,” Mr.Su.Venkatesan has appealed in his letter today, a copy of which was released to the media.
