FATIA seeks Collateral Security free loan to Traders

The 2nd Executive Committee Meeting of the Federation of All Trade and Industry Associations (FATIA) of Erode District demanded extension of the collateral security free loan scheme for manufacturers to traders and reduction of interest rate of the scheme from 12 to 9 percent.  Currently, the Banks demanded the signatures of the traders and industrialists in the challans for remitting GST. As it caused some  inconvenience, they suggested to allow their authorised agents to signs in the challans. 

FATIA president  VK Rajamanickam,  Secretary Ravichandran, Treasurer Muruganandam and joint secretary Palanisamy attended. The special guest KK Balusamy unveiled the late founder  president Nataraja Mudaliar's portrait at the association office. Subsequently,  former presidents Sivanesan, Jagatheesan, Devaraja, former secretary Balasubramani and others were honoured.