Budget 2022 a disappointment, say MSME sector representatives
The Hindu
‘Bad Bank offers no solution’
: The Union Budget 2022 has been a let down for the MSME sector, according to representatives of industry organisations in the region.
Establishment of the Bad Bank or the National Asset Reconstruction Company Limited is not going to resolve the crisis plaguing the MSME sector.
“Though financial assistance extended during the pandemic period did enable industries to stave off the sustenance problems, continued survival will be tough without waiver of dues. The new loans have only added to the financial burden of MSMEs,” Rajappa Rajkumar, president of BHEL Small Industries' Association said.
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