The federal government is mulling measures reminiscent of permitting late reimbursement of loans to assist the micro, small and medium enterprises (MSME) sector to battle the coronavirus outbreak, sources mentioned on Friday.
“Now we have mentioned numerous issues together with fiscal assist… some form of deferment to ease the entire thing. The problems associated to GST had been additionally mentioned,” mentioned an official after assembly Finance Minister Nirmala Sitharaman right here.
Senior officers from the MSME ministry met the Finance Minister right here and urged numerous measures to assist the nation’s micro, small and medium enterprises sector tide over the current disaster.
The trade is dealing with main disruptions within the provide chain owing to the coronavirus outbreak amid weak spot in consumption demand.