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Payment of MSME should get released in 45 days: Nitin Gadkari

19 Aug 2019 Evaluate

With a view to prove support to Micro, Small and Medium Enterprises (MSME),  Union MSME minister Nitin Gadkari  has promised 'concrete decision' for timely payments to this industry. Delayed payments are a major headache for MSME. The minister said ‘the small scale industry producer never gets payments on time. And this tires and finishes him. I am seriously thinking, whether it is private or public sector or government, the payment of MSME should get released in 45 days, and I am trying to take some concrete decision on this’.

Further, he said that MSME play important role in creation of employment. So far, MSME have given jobs to 11.50 crore youths, and in these five years he is aiming to add five crore more employment opportunities.

Besides, he said promoting entrepreneurship was an important mission of the government, as without it ‘we cannot become 5 trillion dollar economy.’ Meanwhile, expressing concern about the agrarian crisis, he said the MSME ministry was focusing on handloom, handicrafts and agro processing industries.

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