Financial ExpressJan 13, 2022FICCI’s budget Wishlist for MSMEs: Change in NPA norms, enhancing CGTMSE limit, credit to NBFCs ..Ease of Doing Business for MSMEs: Industry body FICCI, in its pre-budget recommendations to the government on Wednesday made multiple suggestions to ease credit-related challenges faced by MSMEs that worsened during the pandemic.The federation asked for a change in classification norms of MSMEs for non-performing assets (NPAs).It suggested an increase in the 90-day limit fixed by the Reserve Bank of India (RBI) for classifying overdue of MSMEs to 180 days to reprieve businesses from the constrain of allocating their working capital towards loan instalments and clearing dues at the cost of their regular business operations.Read more at Financial Express
Ease of Doing Business for MSMEs: Industry body FICCI, in its pre-budget recommendations to the government on Wednesday made multiple suggestions to ease credit-related challenges faced by MSMEs that worsened during the pandemic.The federation asked for a change in classification norms of MSMEs for non-performing assets (NPAs).It suggested an increase in the 90-day limit fixed by the Reserve Bank of India (RBI) for classifying overdue of MSMEs to 180 days to reprieve businesses from the constrain of allocating their working capital towards loan instalments and clearing dues at the cost of their regular business operations.Read more at Financial Express
