Industry Talk

QUOTE from Edelweiss spokesperson – Mr. Mehernosh Tata

Mr. Mehernosh Tata – Head Edelweiss SME Lending. 

Mr. Mehernosh Tata – Head Edelweiss SME Lending post Finance Minister announcement on SME and MSME Industry – 13th May 2020

 

“The economic relief package announced by the Government focuses extensively on the MSME sector. MSMEs are the local backbone of the Indian economy at grassroot levels.  This move is welcome and much-needed for the MSME sector, and will go a long way in lifting  the sentiments and morale of this very important segment. The package has been extremely well thought, both from a sustenance and liquidity point of view.. The announcement of payment of receivables within 45 days to all MSMEs, by the Government of India and CPSEs, will provide requisite liquidity in the hands of entrepreneurs. Restricting tenders less than Rs 200 crores only to Indian entities, provides a great opportunity for MSMEs to get incremental work orders, especially when demand may slump in the near future.”

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