Financial ExpressApr 25, 2022Extend NPA classification period to 180 days from 90 days for MSMEs: FICCI's Economic Outlook SurveyEase of Doing Business for MSMEs: The latest round of FICCI's Economic Outlook Survey, released on Sunday, suggested reconsidering the provision of the 90-day limit for classifying MSMEs over dues into non-performing assets (NPAs). The survey, conducted in March 2022 among economics variables for FY23 and for Q4 FY22 and Q1 FY23, said the working cycle of MSMEs in many cases extendeds much beyond the 90-day period. Thus, the limit should be increased to 180 days, the survey added.Read more at Financial Express
Ease of Doing Business for MSMEs: The latest round of FICCI's Economic Outlook Survey, released on Sunday, suggested reconsidering the provision of the 90-day limit for classifying MSMEs over dues into non-performing assets (NPAs). The survey, conducted in March 2022 among economics variables for FY23 and for Q4 FY22 and Q1 FY23, said the working cycle of MSMEs in many cases extendeds much beyond the 90-day period. Thus, the limit should be increased to 180 days, the survey added.Read more at Financial Express
