RBI's relief: Hit by second Covid wave, MSMEs call for more support

Micro, small & medium enterprises (MSMEs), which have been hit badly by the second wave of Covid, have said that the Reserve Bank of India’s (RBI’s) steps to ensure liquidity and provide support are not enough. According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required.
 
“The RBI has most correctly recognised how small businesses and financial entities at the grassroots level are bearing the considerable burden of the pandemic. It has, thus, unveiled measures to help them,” said Deepak Sood, secretary general of ASSOCHAM.
 
“It’s a