FISME asks SME Growth Fund to back stressed MSMEs
In short
FISME wants the ₹10,000-crore SME Growth Fund to help stressed MSMEs with SMA-2 or NPA loan accounts. It says support should go to firms that have a credible plan to recover.
This matters because it could give struggling small businesses access to help. The report does not say whether the fund will agree or how many firms could qualify.
What the reporting says
FISME urged support from the ₹10,000-crore SME Growth Fund for financially stressed MSMEs with SMA-2 or NPA accounts, if they have credible revival plans. The request focuses on businesses under stress rather than all MSMEs. The immediate next step is unknown, including whether the fund or government will accept the proposal.
Why it matters
FISME wants the ₹10,000-crore SME Growth Fund to support financially stressed MSMEs with SMA-2 or NPA accounts, provided they have credible plans to revive their businesses. The request targets a specific set of borrowers facing loan stress. The report does not state whether the fund has agreed, how the support would be delivered, or how many businesses may benefit.