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Telangana has urged the Centre to come to the rescue of small and medium enterprises (SMEs) in the information technology (IT) sector to prevent lay-offs due to the outbreak of coronavirus and the ensuing lockdown.
Telangana Information Technology Minister K.T. Rama Rao has written to Union IT Minister Ravi Shankar Prasad, suggesting a series of measures to help the SMEs in the IT sector.
Pointing out that Hyderabad has six lakh employees in the IT sector, Rama Rao said they were affected either directly or indirectly by the Covid-19 pandemic.
loans should be interest free for three to four months and at least 12 months should be given to the companies to repay these loans, he said.
