Assam tea industry seeks government's support

Reeling under liquidity crunch triggered by the Covid-19 pandemic, Assam tea industry on Monday sought the state government’s intervention in getting banks to raise adhoc working capital limits, grant one-year moratorium on loan repayment interest subvention on working capital and term loans at the rate of 5% besides seeking reduction in GST from 5% to 2.5% or 3%.

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