The HinduMay 12, 2022Codissia demands more financial support for MSMEsIt seeks a separate committee to study and set parameters for MSMEs so that they had easy access to fundsCoimbatore District Small Industries’ Association (Codissia) has demanded increasing the upper limit for collateral free automatic loans for Micro, Small and Medium-scale Enterprises (MSMEs) so that the units get funds for operational liabilities and to restart businesses.In a representation to Union Finance Minister Nirmala Sitharaman here on Monday, the Association president M.V. Ramesh Babu said a separate committee should be formed to study and set parameters for MSMEs so that they had easy access to funds. Lending institutions insisted on high credit scores and security collaterals, which many small-time borrowers did not have.Read more at The Hindu
It seeks a separate committee to study and set parameters for MSMEs so that they had easy access to fundsCoimbatore District Small Industries’ Association (Codissia) has demanded increasing the upper limit for collateral free automatic loans for Micro, Small and Medium-scale Enterprises (MSMEs) so that the units get funds for operational liabilities and to restart businesses.In a representation to Union Finance Minister Nirmala Sitharaman here on Monday, the Association president M.V. Ramesh Babu said a separate committee should be formed to study and set parameters for MSMEs so that they had easy access to funds. Lending institutions insisted on high credit scores and security collaterals, which many small-time borrowers did not have.Read more at The Hindu
