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Bizmen face fund crunch as payments for previous orders still pending | Ludhiana News


In wake of the situation, businessmen are either overdrawing their bank limits or are requesting their dealers to increase credit days till the time the payment cycle resumes back to normal.
LUDHIANA: After the ending of lockdowns in other states and the resumption of the movement of finished goods, the city industrialists are now facing fund crunch. According to businessmen, for over two months, the payments from majority of their customers for already supplied orders remained pending due to lockdown and now they are short of funds to execute the new orders immediately.
In wake of the situation, businessmen are either overdrawing their bank limits or are requesting their dealers to increase credit days till the time the payment cycle resumes back to normal. ....

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