SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Govt-owned steel companies clear Rs 7,673.95 crore dues of various MSMEs in FY23

20 Apr 2023 Evaluate

The steel ministry has said that government-owned steel companies have cleared Rs 7,673.95 crore dues of various Micro, Small & Medium Enterprises (MSMEs) during the financial year 2022-23 (FY23), which is 39.3 per cent higher than Rs 5,511.07 crore payment made during the preceding fiscal.

The ministry said the status of pending payments to MSMEs by Central Public Sector Enterprises (CPSEs) of the ministry is being monitored on a weekly basis to ensure payments to them within the 45 days' time limit for such payments.

It also said a payment of Rs 876.10 crore was made by steel CPSEs to MSMEs during March 2023, up 38.1 per cent year-on-year (y-o-y) and 23.1 per cent higher than the previous month.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×