Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance InFocus

Beyond Deadline Govt Should Monitor Delayed Payments Process

Beyond Deadline Govt Should Monitor Delayed Payments Process

author-image
SMEStreet Edit Desk
03 Oct 2019 07:06 IST

Follow Us

New Update
Delayed Payment , MSMEs , NPAs

After Finance Minister Nirmala Sitharaman fixed October 15 as the deadline for central Public Sector Undertakings (PSUs) to clear overdue payments to MSME vendors and exhorted them to front-load capital expenditure, the experts opine that monitoring is a must to ensure the payments are done.

Experts and veteran MSME Entrepreneurs expressed their views by adding that monitoring is must to keep a watch that what is being done and what else can be done.

Aggrawal said, ''Definitely, the MSMEs will get some relief from this move. If the sector gets even half the amount stuck with the Public Sector Units (PSUs), it will still be a great relief for them.”

The PSUs should be asked to provide the data by March 31 that up to what amount has been cleared by October 15 from their end.

Beyond just a deadline date to perform these tasks of clearing dues to vendors or MSMEs, the most significant thing is that government also need to monitor them rather than only announcing dates.

The entrepreneur, meanwhile, wondered that how will this process work, whether the PSUs will clarify this themselves or they will be reminded by the Finance Ministry.

On Saturday, Finance Minister Nirmala Sitharaman, who reviewed capital spending programmes with heads of central public sector enterprises, said state-owned companies have also been asked to set up a portal by October 15 where service providers, vendors and contractors can track bills and payments so that liquidity crunch is mitigated.

MSME Delayed Payments
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!