ENA MSME 2020-04-18 11:03:34 <p style="text-align:justify"><strong>New Delhi, Apr 18 (KNN) </strong>Micro, Small and Medium Enterprises (MSMEs) will need support from the government to kick-start the economy after lockdown is lifted, said Ashok Leyland Managing Director and CEO Vipin Sondhi.</p> <p style="text-align:justify">MSME's are the backbone of Indian industry and form the key element of the product supply chain - be it Agri-processing, textiles, or auto-ancillaries, Sondhi said in a statement.</p> <p style="text-align:justify">''They will need support from the government and measures to be considered would be: easy access to working capital and liquidity, through banks and NBFC's, providing interest free and collateral free loans; introduction of an incentive for MSME's to help them pay salaries and wages to their employees in these times he added.</p> <p style="text-align:justify">Sondhi also said the NPA recognition period must be extended for MSMEs from 90 days to 360 days and ensure that all pending payments to industry/MSME's are cleared immediately by the government departments and PSUs.</p> <p style="text-align:justify"> It would be crucial to kick-start economic activity after this period of disruption.</p> <p style="text-align:justify">Lastly, he said, MSMEs can be incentivised to produce medical supplies, with a buy back arrangement from the government. </p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 24901 https://knnindia.co.in/news/newsdetails/msme/msmes-need-govt-support-post-lockdown-to-kickstart-economy-ashok-leyland-ceo 2020-04-18 11:03:34 knnindia.co.in