The Telugu Film Chamber of Commerce previously wrote to the government to help it recover from the COVID-19 pandemic.
The government of Andhra Pradesh on Tuesday announced relief measures for cinemas, to help recover from losses suffered by the COVID-19 pandemic. Official orders announcing the relief measures were given by the government’s Information and Public Relations (I&PR) department on April 6.
As part of the relief measures, the government waived electricity charges for all cinemas, including multiplexes for the months of April, May and June 2020, and gave the option to defer payment by six additional months, from July to December. .
In the meantime, the government would also provide subsidies to the tune of 50% of the interest subsidy for loans made by cinemas, with a maximum limit of 4.5% per annum. But this is only applicable for single screen cinemas.
According to the ordinance, “The maximum loan amount up to which the interest subsidy will be granted is Rs10 lakh for centers” A “and” B “and Rs 5 lakh for centers” C “. The interest subsidy will be applicable for a period of one year after the six-month moratorium period. This package is not applicable to multiplexes. “
The ordinance further recognizes that the film industry contributes to the public purse in the form of the state GST and provides livelihoods for many people.
Last year, on June 9, the Telugu Film Chamber of Commerce (TFCC) wrote to the government asking for help recovering from the losses suffered, as movie theaters were closed, movie studios were empty and filming came to a standstill during the lockdown announced in March 2020.
Although the government allowed theaters to reopen in October 2020 and required theaters to meet COVID-19 safety standards, business has not been good given the growing number of COVID-19 cases.
The government further instructed the Director General of the National Society for the Development of Cinema, Television and Theater of Andhra Pradesh (APSFTVTDC) to take the necessary action plans for the implementation of the relief measures.