Sunday, Dec 04, 2022

Rs 3-lakh-crore relief package for MSMEs but govts, pvt firms owe them more

The only available official estimate is on the MSME Samadhaan website, an online delayed payment monitoring system for settlement of disputes on filing of delayed payments by affected MSMEs, which has listed out payment claims of Rs 40,720 crore as on May 14, a fraction of the total dues.

New MSME guidelines, MSME PM care funds, Nirmala sitharaman, indian express MSMEs, which make up for about 45 per cent of the country’s total manufacturing output, 40 per cent of exports, almost 30 per cent of the national GDP and operate across the value chain.

The first tranche of the Centre’s relief package may have been targeted at the country’s micro, small and medium enterprises (MSMEs), but much of the working capital-related distress faced by these units can be traced back to one major source — the government machinery. The total outstanding payments to units in the MSME sector, as on March 31, 2020, was pegged at upwards of Rs 4.95 lakh crore, according to government estimates accessed by The Indian Express.

Sources indicated that over half this amount can be attributed to pending payments by Central government ministries and departments, state governments and public sector units under the Centre and state governments. On Wednesday, announcing the Rs 3-lakh-crore credit guarantee for MSMEs, Finance Minister Nirmala Sitharaman had said that the Centre and Central PSUs would clear pending MSME dues in 45 days.

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