- Financial Express
MSME dues: Over Rs 75,000 crore paid by govt between June 2020 and October 2021, says FinMin
Credit and Finance for MSMEs: Announcing the Covid-related measures, Finance Minister Nirmala Sitharaman had in May last year said that the government and CPSUs will release MSME receivables in 45 days.
Credit and Finance for MSMEs: Government ministries, departments, and central public sector units (CPSUs) have cleared MSME dues worth Rs 75,471.78 crore during Covid.
The payment for goods procured was made during June 2020 – October 2021 period, according to the data on dues paid shared by Minister of State for Finance Minister Pankaj Chaudhary in a written reply to a question in Lok Sabha on Monday.
However, the details on the total dues and dues pending weren’t disclosed. Also, it wasn’t clear whether the amount paid included payments from state governments and PSUs as well.