Smes Asked For Help To Face Inflation

Hit by increasing input costs and rentals, the small and medium enterprises (SMEs) in Karnataka have asked a hand-holding exercise by the government to wriggle out of the economic crisis. The SMEs have asked the government to help decrease interest rates on bank loans and to create more industrial estates. The rates of raw materials comprising steel and polymers have gone up by 35-40 per cent in the last coule of months and that has made it difficult for SMEs to survive, said Karnataka Small Scale Industries Association (KASSIA).