Hailing announcements by FM, clothing manufacturers say support pkg should be available to entire value chain and banks should respond pro-actively
New Delhi, May 14 -- The Clothing Manufacturers Association of India (CMAI) has welcomed the measures announced by Finance Minister Nirmala Sitharaman.
''The enhancing of the upper limits of the sector, the merging of the Manufacturing and Service Sectors, and the addition of a Turnover based criteria, will all go a long way in enabling many more enterprises, especially in the garment industry, to take advantage of the various schemes under the MSME umbrella,'' said CMAI.
CMAI said that the additional loans backed by government guarantee and requiring no collateral or Guarantee of the MSME, will enable many of our members to get the much-needed working capital assistance that the Industry needs to kick start operations after the lock-do...
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