Thursday, January 27th, 2022 01:29:31

Govt urges Pvt sector to clear MSME dues on priority

Updated: September 15, 2020 11:30 am
Micro, Small and Medium Enterprises, MSME, Ministry has asked the private sector enterprises of the country to take measures for release of payment of MSME dues on priority.

During the announcement of AatmaNirbhar Package, it was desired that the MSME receivables and dues should be paid in 45 days. Accordingly, the Ministry of MSME took up the matter with Central Ministries, their Departments and Central Public Sector Enterprises (CPSEs). In addition to writing and following up with them, the Ministry has also devised an online system for reporting. Hundreds of CPSEs have been reporting on this system about the monthly dues and payments since the last four months.

Around 10 thousand crore rupees have been reported to have been paid by the Ministries and CPSEs. Similarly, the Ministry has also taken up the issue with States and motivated them to monitor and see that such payments are made expeditiously.

Taking the efforts now further deeper, the Ministry has directly taken up the issue with top 500 corporate groups of the country. It has written e-letters to the owners, CMDs or top executives of these five hundred corporates.

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