MSME Minister Nitin Gadkari is going to discuss issues being faced by small & medium enterprises including delayed payments. The Minister has called a meeting of heads of banks, finance ministry officials, and CEOs of several of central PSUs on September 05, 2019.
MSMEs have been expressing concern over failure of the Micro and Small Enterprise Facilitation Council (MSEFC) in resolving cases of delayed payments within the stipulated 90 days. This major issue is on the agenda of the meeting convened by Gadkari.
The meeting may also consider modification of the relevant rules governing the sector for recovery of dues by way of arrears of land revenue. Besides, proposal of setting up of more than one MSEFC in each state is also on the agenda.