
Why credit alone isn’t enough to address MSME woes
Very few — just 11% of MSME units — are registered with the Centre and ECLGS credit has reached only 15% of all units, thus leaving out 85% of units.
Very few — just 11% of MSME units — are registered with the Centre and ECLGS credit has reached only 15% of all units, thus leaving out 85% of units.
Industry stakeholders have welcomed the move, which is touted to provide immediate relief to the struggling sector
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.