LatestStartup And Fundraising 9 October 2026
Tamil Nadu MSMEs Fear RBI Rate Hike
Small and medium enterprises in Tamil Nadu warn that the Reserve Bank of India's recent policy rate increase could raise borrowing costs, squeezing profit margins and hampering expansion plans. Business groups are urging the central bank to maintain stable, affordable loan rates and propose a dedicated support scheme for MSMEs to mitigate the shock.
- Tamil Nadu MSMEs are concerned that the RBI's latest rate hike will increase loan interest, threatening cash flow.
- Industry bodies are calling for stable, affordable rates and a special support scheme to cushion the impact.
- The appeal comes as many small firms rely on cheap credit for working capital and growth.
Read the full report New Indian Express article.
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