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flag Indian business group urges financial reforms to support struggling small and medium enterprises.

flag FISME, an Indian MSME representative, has urged Finance Minister Nirmala Sitharaman to revise the Special Mention Account (SMA) framework to better support stressed MSMEs. flag The current SMA framework is criticized for leading to premature closures without measures for revival. flag FISME also seeks to eliminate mandatory Business Loan Ratings (BLR) for MSMEs and reduce collateral requirements to promote business growth. flag The organization emphasizes the need for tailored financial support and export financing for these businesses.

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