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MSMEs with exposure of less than Rs 10 lakh yet to recover from demonetisation and GST, says report - GST Station

MSMEs with exposure of less than Rs 10 lakh yet to recover from demonetisation and GST, says report

MSMEs with exposure of less than Rs 10 lakh yet to recover from demonetisation and GST, says report

    Mumbai: Even as the economy has largely recovered from the shocks of demonetisation and GST implementation, micro enterprises with borrowings of under Rs 10 lakh are yet to fully recover, a report said on Monday.

    “Micro, small and medium enterprises (MSMEs) with exposures from Rs 10 lakh to Rs 10 crore have recovered to pre-demonetisation levels, (but) the segment with exposure of less than Rs 10 lakh has still not recovered to that extent,” the report by Transunion Cibil and Sidbi said.

    It can be noted that the uptick in growth, wherein the GDP expansion accelerated to a 7.2 percent, had led many watchers to say that the worries of the twin reform measures are behind the economy.

    The report reiterated that the situation has improved in all segments except those with borrowings less than Rs 50 lakh, where the systemic exposure has not caught up with pre-demonetisation levels.

    Source- Firstpost.

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