SGCCI Pushes Gujarat to Waive Stamp Duty on ECLGS 5.0 Loans for Stressed Textile MSMEs
Southern Gujarat Chamber of Commerce and Industry has asked the Gujarat government to waive or sharply reduce stamp duty on mortgage deeds for MSME loans under ECLGS 5.0, seeking relief for textile and apparel small businesses facing financial stress.
Read the source at Apparel Resources IndiaWhy it matters to operators and investors
Liquidity strain in Surat's apparel MSMEs could surface distressed-asset and bolt-on opportunities in dyeing, weaving, and embroidery capacity if state relief stalls.
The counter-case
An industry chamber lobbying for stamp duty relief is routine rent-seeking, not proof of a liquidity crisis. SGCCI has petitioned for similar concessions across multiple cycles—GST, demonetization, COVID—often successfully framing routine cost pressures as existential. ECLGS itself was designed for stressed MSMEs, so usage doesn't signal new deterioration; it signals the scheme is working as intended. The 'deepening strain' delta over-reads a single advocacy letter.