Hindustan Times (Patiala)

‘PSUS, AGENCIES OWE ₹5 LAKH CR DUES TO MSMES’

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NEW DELHI: Union minister Nitin Gadkari on Monday said the government agencies, public sector undertakin­gs (PSUs) and major industries owe an estimated ₹5 lakh crore in outstandin­g payments to micro, small and medium enterprise­s (MSMEs). The MSME minister said the Centre has decided that its ministries and PSUs will clear outstandin­g payments of MSMEs within 45 days. “State government­s, their ministries and public sector undertakin­gs, Government of India, its ministries and undertakin­gs, and major industries combined owe an estimated ₹5 lakh crore to MSMEs, money that is stuck and not cleared,” Gadkari said.

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