MSEM: Conceptual alteration post Demonetisation

Micro Small and Medium Enterprises (MSEM) contributes 40 to 45% of total engineering export.  The employment generation potentiality from formal and informal sector is far from multinationals companies.  Demonetisation has broken the basic structure of MSEM.  Major junk of them have not so far registered, that jeoparadised their existence.  The workforce is usually uneducated with rural background and are receiving weekly cash payment.  The sector is unorganised, the wagers bank account are not associated with Adhar and PAN numbers if at all opened under Jan Dhan yojana.  It tantamount to guilt on the part of employer.  Employer himself is in hot water.  Money crunch hampered the routine, withdrawal limit chaos manufacturing output.  The rupee dollar ratio is widening day and night.  So, urgent need is to raise withdrawal limit or otherwise the whole export will get collapsed soon.  Government in association with RBI should have a fresh approach, otherwise, to sustain for longer period will spoil the broth.  Fresh loans with lesser interest should be provided without any delay.  It is likely that the surplus amount available after demonetisation shall have positive impact over MSEM.  It is possible only when substantial amount will be reserved for these sectors.