<p>Karnataka Small Scale Industries Association (KASSIA) has said that low order books, delayed payments and high interest costs are dealing a death blow to MSMEs (Micro, Small & Medium enterprises) which are already reeling under recessionary market conditions. <br /><br /></p>.<p>President of Karnataka Small Scale Industries Association (KASSIA), B P Shashidhar on Wednesday called on the state government to announce appropriate relief to small-scale industry units. <br /><br />He also called upon the government to provide soft loans to MSMEs from state-level banks/FIs like cooperative banks and KSFC, while also urging PSBs and institutions like SIDBI, to consider the suggestion. <br /><br />He observed that most MSMEs are working on single shifts from three shifts a day earlier due to paucity of orders.</p>
<p>Karnataka Small Scale Industries Association (KASSIA) has said that low order books, delayed payments and high interest costs are dealing a death blow to MSMEs (Micro, Small & Medium enterprises) which are already reeling under recessionary market conditions. <br /><br /></p>.<p>President of Karnataka Small Scale Industries Association (KASSIA), B P Shashidhar on Wednesday called on the state government to announce appropriate relief to small-scale industry units. <br /><br />He also called upon the government to provide soft loans to MSMEs from state-level banks/FIs like cooperative banks and KSFC, while also urging PSBs and institutions like SIDBI, to consider the suggestion. <br /><br />He observed that most MSMEs are working on single shifts from three shifts a day earlier due to paucity of orders.</p>
