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Rs.134 billion MSME dues cleared in five months

by BQ News Bureau
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Central Public Sector Enterprises (CPSEs) have cleared payments to the tune of Rs.134 billion owed to micro, small and medium enterprises (MSMEs) in the last five months. Of this, Rs.37 billion was paid to the units in September alone. This is a result of vigorous follow up by the Ministry of MSME. This month the Ministry wrote to more than 2,800 corporates to clear MSME dues as against 500 companies it communicated last month, according to CMIE economic outlook.

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