Chennai: With the Union government getting ready for Budget-2022, Consortium of Indian Associations (CIA) has released a 15-point agenda as requirements for MSME industry.
Some of the important of them include creation of seperate Development Commissioner – Micro Enterprises, opening of raw material ration cum fair price shops across the country, convertion of all outstanding working capital loans availed by MSMES into a term loan with one year moratorium and considering offering fresh working capital at REPO interest.
The agenda released by CIA convenor K E Raghunathan also demanded exemption of micro enterprises from GST for 12 months, reclassifying NPA norms for micro enterprises as 120 days from the date of missing of an EMI and paying a stipend of Rs 6000 per month to fresh graudates to undergo training at MSMEs.