CEA Calls For Flexible Special Mention Accounts Norms For MSME Loans
· Business · Business Standard
Chief Economic Advisor V. Anantha Nageswaran has called for more flexible special mention accounts norms for MSME loans to support the sector's financial health. The recommendation addresses existing classification challenges faced by small and medium enterprises in managing credit obligations. The proposal aims to ease regulatory pressure on businesses experiencing temporary cash flow disruptions.
Why it matters
This affects MSMEs across India by potentially easing loan classification rules and reducing financial stress during temporary cash flow crunches.
Read the original report — Business Standard
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