Many in the Micro, Small and Medium Enterprises (MSMEs) sector are disappointed with the government for ignoring their demand for part-payment of wages, fixed electricity costs and waiver of interest on loans to tide over the lockdown months and are concerned that more loans will drive them deeper into debt.
While the Centre’s decision to take care of Employees’ Provident Fund (EPF) contribution of both the employer and the employee of small units for another three months (till August 2020) has been appreciated, some units want the eligibility criteria to be broadened to not penalise those paying higher wages.
