SME Chamber of India urges Finance Minister to maintain 45-day MSME payment rule, extend NPA definition, & form a task force for credit challenges.
SME Chamber of India urges Finance Minister Nirmala Sitharaman to maintain the 45-day MSME payment rule introduced in the Finance Act 2023, stating it encourages timely payments. The chamber also requests loans under the 'Differential Rate of Interest' scheme, extending NPA definition from 90 to 180 days for MSMEs, and setting up a task force to address credit challenges.
July 14, 2024
3 Articles