MSMEs grapple with stress even as govt grants more time for restructuring..

With Micro, Small and Medium Enterprises (MSMEs) grappling with the problem of delayed payments and slowdown in demand, the sector remains under major stress, even as the government has extended the restructuring deadline by a year.Delayed payment is a major concern in the MSME segment. Also, MSMEs do not wish to clash with their buyers as demand is muted. The restructuring exercise can be useful, but banks are not keen to restructure the accounts. As a result MSMEs are struggling for survival.