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MSMEs Struggle for Working Capital Amidst Conflict
29 Jun
Summary
- MSMEs face challenges in obtaining working capital at competitive rates.
- Poor awareness hinders MSMEs from engaging multiple stakeholders.
- A discussion highlighted financing issues for businesses during wartime.
Micro, small, and medium enterprises (MSMEs) are confronting a dual challenge regarding working capital. Accessing affordable financing remains a significant obstacle for these businesses. Furthermore, a notable lack of awareness and a general reluctance to connect with diverse stakeholders prevent many MSMEs from fully leveraging available support systems.
These critical issues were recently discussed during a panel focused on 'Financing in Times of War.' The conversation, moderated by Lokeshwarri S K, Data Editor at The Hindu businessline, featured insights from industry leaders. Panellists included Karthikeyan Mounaguruswamy, Immediate Past President of CODISSIA; Kumar Duraiswamy, CEO of Eastern Global Clothing and Joint Secretary of the Tirupur Exporters' Association; and Rahul Jyothi Kumaran, Head of SME Business at Sundaram Finance.
