Lucknow: Industry body Assocham has demanded from the government a ‘concentrated and right kind’ of relief package for MSME sector, which was most affected by covid-19 pandemic.
“Yes, there is a need for a relief package which has to be directed very carefully. We at Assocham believe that both the Centre and the states need to come together with certain plans, so that we can give a concentrated, focused and the right kind of relief to whoever needs it the most,” Assocham president Vineet Agarwal told PTI on Sunday.
Suggesting some measures, he said banks should increase working capital limit of MSMEs by 20 per cent but not charge any extra collateral.
Secondly, re-classification of NPAs of MSMEs should be done, Agarwal said.
Thirdly, street vendors, small shopkeepers should be provided with some sort of relief, direct benefit, working capital loan, he added. As last time some relief measures were taken specifically for the rural sector, a similar step once again should be taken, the Assocham president said.
“Certainly, there is a need for some kind of impetus at various levels and definitely more at the MSME level,” said Agarwal, who is also the managing director of Transport Corporation of India Limited (TCIL).
