TN CM extends time for payment of property tax, loans

Chennai: Chief Minister Edappadi K Palaniswami today extended the time for making due payments for various loans and other payments by three months.

In a statement issued here, Palaniswami said that the payment of property tax, water charges, farm loan instalments to cooperatives, housing loan instalments to cooperatives, Tamilnadu Housing Board, loan instalments to fishery and handloom cooperatives had been deferred.

The government also announced extension in time for loan repayments to Tamilnadu Industrial Investment Corporation (TIIC) and soft loans availed from State Industries Promotion Corporation of Taminadu Ltd (SIPCOT) and payment of maintenance expenses to units operating in SIPCOT industrial estates.

According to Palaniswami, a special fund of Rs 200 crore will be operated for funding the urgent needs of micro, small and medium sized units.

NT Bureau