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At least 78% of MSMEs unsatisfied with the impact of the financial package, says AIMO survey

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₹350,000 crore or so announced is adequate as a package for the sector, the “methodology of allocation, disbursement and mechanics of implementation is still unclear among the members surveyed".The survey said MSMEs want an “alternative finance to those who do not qualify for the loan scheme announced, support and hand holding to start-up enterprises, relief from interest on EMI payments and support for salary payments to employees during lockdown time."India’s MSME sector is a big employment creator and currently deploys around 110 million people.

Covid-19 has hit their businesses badly and over the past three weeks, the central government has announced several measures to help them recover.Click here to read the Mint ePaperLivemint.com is.

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