Aid package deal introduced for cinemas in Andhra Pradesh – the New Indian Categorical
VIJAYAWADA: To bail out the administrators of struggling cinemas within the state, the federal government introduced a back-up plan on Tuesday, together with the elimination of mounted electrical energy prices for 3 months and the institution of a subsidy program The state authorities has determined to waive mounted electrical energy prices for April, Might and June 2020 and deferred cost of mounted electrical energy prices for a interval of six months – from July 2020 to December 2020 – for all cinemas, together with multiplexes.
The federal government will present an curiosity subsidy of fifty p.c, topic to a most restrict of 4.5 p.c per yr on loans made by theaters to banks. The utmost mortgage quantity for which an curiosity subsidy will probably be granted is Rs 10 lakhs for facilities A and B and Rs 5 lakhs for facilities “C”. The curiosity subsidy will probably be relevant for a interval of 1 yr after a six-month moratorium. This package deal, nevertheless, is just not relevant to multiplexes.
Issuing a GO to this impact, the Authorities’s ex officio Particular Secretary (I&PR) T Vijay Kumar Reddy stated the Telugu movie trade has requested the federal government to increase its assist to the trade. As a result of adverse impression of the pandemic, film theaters, multiplexes, film studios have been pressured to shut and filming and filmmaking has been halted, he stated, which has led to monetary stress on all stakeholders (producers, distributors, cinema homeowners of rooms and auxiliary models straight or not directly depending on the movie trade).
As all types of actions shut down, cinemas, multiplexes and the like are unable to pay their staff’ wages and an estimated 70% of staff have misplaced their livelihood. Will probably be recalled that in June, representatives of the Telugu Movie Chamber of Commerce (TFCC) known as Chief Minister YS Jagan Mohan Reddy and requested him to increase his help to the movie trade. The federal government determined to revive the struggling movie trade as a result of it contributes to the general public treasury within the type of the state GST, along with offering livelihoods for dozens of individuals.
“All cinemas are now not performing from March 22, 2020 in Andhra Pradesh. Though permission has been granted for cinemas to reopen from October 15, 2020, the cinemas will not be functioning, ” the federal government stated. and introduced the Aid. Director of Raj & Yuvaraj Theaters, Dr Srikanth, welcomed the federal government’s resolution to waive mounted electrical energy payments for April, Might and June 2020 and stated it was an amazing aid for the route of theaters.
Srikanth additionally known as on the federal government to waive electrical energy payments till November 2020. “Steps must also be taken by the federal government to waive the property tax levied through the lockdown interval, given our predicament,” did he declare. of the Ramagopal theater stated it was spending round Rs 1 lakh every month on electrical energy and sanitation payments simply in preparation for Covid-19. “From Sankranti, theaters function with nominal crowds after main actor movies have been launched. A lot of the earnings earned is spent on paying month-to-month utility payments and sustaining the theater. Due to this fact, we ask the federal government to waive electrical energy payments from July to November, ”he stated.
Welcoming the aid program provided by the state authorities, actor Chiranjeevi tweeted: “My heat due to the Honorable CM Shri. @ysjagan for the well-deserved aid measures for the movie trade through the Covid period. Your sympathetic assist will assist a number of thousand households depending on this trade. ”