Government mulls late repayment of loans for MSMEs to tide over coronavirus impact

NEW DELHI: The government is mulling measures like allowing late repayment of loans by the micro, small and medium enterprises (MSMEs) to support the sector amid the coronavirus outbreak, sources said on Friday.
“We have discussed various things including fiscal support… some kind of deferment to ease the whole thing. The issues related to GST were also discussed,” said an official after meeting finance minister Nirmala Sitharaman.
Senior officials from the union MSME ministry met the finance minister and suggested various measures to help the country’s MSME sector tide over the present crisis.
The industry is facing major disruptions in the supply chain owing to the coronavirus outbreak amid weakness in consumption demand.

Zeeshan Laskar

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