Micro, small and medium enterprises (MSMEs) have sought a special relief package, similar to that provided during the Covid-19 crisis, to cushion the impact of the fall in exports following the imposition of tariffs by the US President Donald Trump.

The issue was raised during the pre-Budget consultation chaired by Finance Minister Nirmala Sitharaman on November 12, where MSME representatives said several exporters were facing a liquidity crisis, with many accounts turning into non-performing assets (NPAs).

According to sources aware of the discussions, MSME exporters told the finance ninister that India’s textile and seafood shipments had been hit hardest by the tariffs, with MSMEs’ textile exports down by around 40 percent and shrimp exports plunging 60 percent. “Export orders have e

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