AMN / NEW DELHI
UNION Finance Minister Nirmala Sitharaman has reviewed the situation about payment to the MSMEs and expressed satisfaction and appreciation on the work done by the Ministry of MSME.
As part of the Prime Minister’s vision, the Finance Minister had announced the Atma Nirbhar Bharat package in May this year. It was stated that the MSME dues should be paid in 45 days.
Since the month of May, regular follow-up and concerted efforts have been made by the Government, particularly by the MSME Ministry for payment of these dues. Particular focus was placed on Central Public Sector Enterprises and the Central Government Agencies for payment of dues to MSMEs. As a result, over 21 thousand crore rupees of MSME dues have been paid in the past 7 months since May by the Central Government Agencies and CPSEs.
The highest level of procurement was achieved in October of over 5100 crore rupees and payment of over 4100 crore rupees. Going by the reports received in first 10 days for November, this level of performance is expected to be surpassed as procurement of about 4700 crore and payment of about 4000 crore rupees have already been reported.