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Industry body Assocham president Vineet Agarwal has expressed need of a 'concentrated and right kind' of relief package for MSME sector, which was most affected by covid-19 pandemic.

Besides, Agarwal said that banks should increase working capital limit of MSMEs by 20 per cent but not charge any extra collateral. Secondly, re-classification of NPAs of MSMEs should be done. Thirdly, street vendors, small shopkeepers should be provided with some sort of relief, direct benefit, working capital loan.

The Assocham president also said that as last time some relief measures were taken specifically for the rural sector, a similar step once again should be taken. He noted that certainly, there is a need for some kind of impetus at various levels and definitely more at the MSME level.