InvestorQ : Can we expect the government special rescue package for MSMEs in this week? That is long overdue and the segment is under lot of stress.
Dhwani Mehta made post

Can we expect the government special rescue package for MSMEs in this week? That is long overdue and the segment is under lot of stress.

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Khushi Patel answered.
8 months ago
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It better be soon enough and at least the government is now expected to announce the much-awaited stimulus package. The focus will be purely on micro, small and medium enterprises (MSMEs). It is likely to happen during this week. Some key inclusions could be:

· Guaranteed higher working-capital limit for MSMEs

· Deeper reforms to attract investment into MSMEs

· Assured Overdraft up to 20% of working-capital limit.

· Reassessment on extension of moratorium on loans to MSMEs

· Continued deferment of interest on working-capital facilities

An MSME package was long called for as it has faced the highest degree of stress in the Indian context. The MSME sector employs 11 crore people and accounts for nearly 31% of the GDP and a huge 48% of exports.

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