Meanwhile, Union Finance Minister Nirmala Sitharaman on Wednesday convened with representatives of micro, small, and medium enterprises (MSMEs) in Tamil Nadu who bore the brunt of Cyclone Michaung last week.
In a brief interaction, Sitharaman assured the delegation that the government is committed to expediting the disbursement of eligible insurance claims, addressing the concerns of the affected MSMEs.
Cyclone Michaung, which made landfall on the Eastern Coast last week, wreaked havoc in Chennai and surrounding districts, causing significant disruptions to normal life. The adverse impact of heavy rainfall has particularly taken a toll on micro, small, and medium enterprises.
The Finance Ministry stated, "A delegation from the Ambattur Industrial Estate Manufacturing Association held discussions with Union Finance Minister Nirmala Sitharaman and officials from the Department of Financial Services India in New Delhi today, highlighting the industry's losses attributed to the recent cyclone."