It has suggested that the surplus funds of ESIC (Employees State Insurance Corporation) should be used for providing wage support measures/stimulus packages for the employees.
Suggesting some measures, Assocham president Vineet Agarwal said banks should increase working capital limit of MSMEs by 20 per cent but not charge any extra collateral.
Given the increasing pressure on businesses, it would be imperative to extend the NCLT moratorium until December 2021, the Assocham said in its representation to the Finance Ministry
Speaking at an ASSOCHAM event virtually, Modi said that in order to achieve the goal of 'Atmanirbhar Bharat' or self-reliant India, manufacturing should be given special focus.
