Dilip Chenoy

FICCI Urged Interest Free, Collateral Free Loans to MSMEs for COVID-19 Fight

An alternate mechanism should be worked out for MSME companies which are within the Goods and Services Tax (GST) network and having a turnover of less than Rs 500 crore for a period of up to 12 months to enable them to cover fixed costs, salaries and other operational expenses, said the industry body.