PHDCCI Urges 180-Day NPA Window for MSMEs

The PHD Chamber of Commerce and Industry (PHDCCI) has made a significant proposal to the Indian government, urging a 180-day moratorium on Non-Performing Assets (NPAs) for Micro, Small, and Medium Enterprises (MSMEs). This request comes amidst ongoing concerns about the financial health of MSMEs, which form a crucial part of the Indian economy. The PHDCCI believes that such a moratorium would provide much-needed relief to struggling MSMEs, allowing them to recover and contribute more effectively to economic growth. The proposal is currently under consideration by the government, and its potential impact on the MSME sector remains to be seen.