New Delhi, Nov. 7 -- Interim cash subsidies will help ease the impact of US tariffs on India's export-dependent small businesses, as credit support alone may not be enough for these entities amid uncertain market conditions, said Nirmal K. Minda, executive chairman of UNO Minda Group and the newly-appointed president of industry body Assocham.

Till the tariff-related uncertainty wanes, the government should consider interim benefits to businesses, which are dependent on exports, particularly micro, small, and medium enterprises (MSMEs), said Minda in an interview.

"Small businesses employ a lot of labour, a fixed cost, but face revenue loss. Government should give cash incentives to cushion the revenue loss from exports for a specified ...