MSMEs seek time to pay additional fixed deposits for electricity consumption
Industrial associations in Coimbatore are requesting the Tamil Nadu Power Distribution Corporation to allow payment of additional fixed deposits in 12 installments rather than the current 30-day window. They are also urging the utility to implement a 2023 government order regarding tariff changes for micro-enterprises.
Why it matters
The dispute underscores the financial strain on MSMEs and the friction between industrial policy implementation and utility billing practices.
Members of the Federation of Coimbatore Industrial Associations (FOCIA) submitted a memorandum to officials of the Tamilnadu Power Distribution Corporation Limited on Thursday (August 27), demanding time to pay the additional fixed deposit amount raised by the Corporation.
The article presents the grievances of the industrial associations while acknowledging the utility's current collection policies.
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