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Finance ministry to review US tariff impact on MSME sector on Monday

DFS secy to meet PSBs to assess credit flow

MSMEs, textile
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India’s MSMEs, which contribute over 45 per cent to the country’s exports, are facing major disruptions following the US decision to impose an additional 50 per cent tariff on the country’s goods.

Harsh Kumar New Delhi

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The Ministry of Finance is scheduled to hold a review meeting on Monday with public-sector banks (PSBs) to assess the impact of the punitive tariffs by the United States (US) on the micro, small, and medium enterprises (MSME) sector and evaluate their credit requirements, a senior government official said on condition of anonymity. 
The meeting will be chaired by Department of Financial Services (DFS) Secretary M Nagaraju. 
“The review will focus on financial inclusion schemes, such as MUDRA and credit guarantee, among others. The aim is to understand how external trade pressures are affecting MSMEs and to ensure that adequate