With an aim of assisting MSMEs of the country to get release of their dues from various procurers, the Union Ministry of Micro, Small and Medium Enterprises (MSME) has substantially widened its request to India Inc. for making payments to MSMEs against their dues of goods and services rendered. MSME Ministry has now written to top management of over 2800 corporates by name to make payment of pending dues of MSMEs in this month itself.
Last month, Ministry of MSME had written to Top 500 corporates of India about the pending payments of MSMEs. Ministry has said that very good response has been seen from the corporate India. Out of the last five months, the maximum payments to MSMEs have happened in the month of September, 2020. Not only that, in that timeframe, even the procurement and transaction appears to be maximum in the month of September.
MSME Ministry also said that more than Rs 13400 crore have been paid by Central Public Sector Enterprises (CPSEs) alone in the last five months. Out of this, payments worth Rs 3700 crore have happened in September only. Ministry has complimented the Corporate sector of the country for this.