Many MSMEs Will Be Left Out Of The Stimulus Package

Do you think the amount allocated for the MSMEs is adequate for the companies in the backdrop of the hit? Yes, the micro, small and medium enterprises (MSMEs) have received major relief in the form of a tailor-made stimulus package offered by the Narendra Modi government. Also there are no significant MSME requests in recent weeks to enhance the extent of working capital granted by the Banks that would indicate that the current provisions are inadequate. How do you see the process of loan disbursal by banks after government’s stimulus package? So far the information seems to indicate that banks have not been able to fully disburse the funds due to lack of demand. There are also reports that MSMEs are not availing of the deferment of EMIs. While some of this is related to the cost of deferment due to elongation of the payback period, it also indicates that cost of funds rather than...