MASSIA proposes debt restructuring for business owners
The Marathwada Association of Small Scale Industries and Agriculture (MASSIA) has approached banks to consider a moratorium on repayment and debt restructuring, higher working capital limits, additional term loans and bills discounting or factoring.
The Association has engaged the government for assistance in reviewing non-performing MSMEs assets to overcome temporary lows and help keep the units alive.
With economies of Europe and US are hard-hit by recession, SMEs in India has also witnessed decline in the last three quarters of 2008. The strong linkage with agricultural sector is one reason for micro, small and medium enterprises’’ (MSMEs) economic recession. But it would...
A new national level call-centre, named Udayami Helpline is about to be launched to help entrepreneurs of the country seek information and to redress their grievances. The call centre is given a single window model with a single toll-free number to serve entrepreneurs in India. U...
