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CNCCI urges Nagaland CM to provide relief to business community

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Dimapur, April 29: The Confederation of Nagaland Chamber of Commerce and Industry (CNCCI) has urged Nagaland Chief Minister to come up with certain relief measures for those business community in distress.
In a representation to the Chief Minister, CNCCI Chairman, Dr Khekugha Muru and General Secretary, Dr Seyivilie Mor stated that during this period of global health crisis in the form of COVID-19 pandemic, the business community of Nagaland is trying its best to live up to its responsibilities and has been playing active role in all of the districts as core members of the District Task Force, assisting the administration of various districts in every possible manner.
It said with almost all the business coming to a halt for over a month apart from the essential commodity establishments, the business community in general is in distress. It said many entrepreneurs, especially the startups establishments are facing problems for payment of rents for shops and godowns.
It said startup establishments having Cash Credit Facility (CC facility) with banks is now on the verge of collapse as interest are compounding. Many business house having stock hypothecated to banks dealing with short shelf life goods are likely to face massive loss as the lockdown has stretched 3 months from March to May.
The CNCCI, on behalf of all its confederates, assured the Chief Minister of full cooperation and support as the state continues to fight the war against the COVID-19 pandemic. (Page News Service)

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