CAIT Backs Flexible Lending Framework For MSMEs And Traders
New Delhi, May 27 -- Delhi-based Confederation of All India Traders (CAIT) has welcomed remarks made by Nirmala Sitharaman at a recent SIDBI event, where she stressed that standard financial products cannot adequately address the needs of non-standard businesses and called for credit products aligned with enterprise-specific business cycles. CAIT Secretary General Praveen Khandelwal described the Finance Minister's remarks as practical, visionary and reflective of the ground realities faced by India's MSMEs and trading community. He said the Finance Minister had correctly highlighted that businesses across sectors operate under different financial and operational cycles. MSMEs Need Flexible Repayment Structures According to Khandelwal, fa...
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