Private sector firms should clear MSME dues in 45 days: Finance Minister
By MYBRANDBOOK
Union Finance Minister Nirmala Sitharaman has asked the private sector to clear dues of micro, small and medium enterprises within 45 days. She appealed to them to ensure that the dues of smaller businesses that are the backbone of the economy are cleared in time.
She also said the central government too will be taking steps to resolve the issue by ensuring that departments and central public sector enterprises make the payments to small businesses in 90 days.
The minister highlighted various government schemes like the Treds (trade receivables discounting system) platform and also the Samadhan portal, which have helped small businesses to get timely payments.
Listing out the various initiatives rolled out to support the sector, she named the Rs 6,000-crore—RAMP (racing and accelerating MSME performance) scheme for exporters and the Rs 500-crore digital transfers to 18,000 MSMEs under the self-reliance scheme, which has a total outlay of Rs 5,000 crore.
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
ESDS commits to presenting clients with the latest technology
According to a NASSCOM report, the Indian IT industry experienced its stron
HPE Aruba Networking bridging the physical and digital worlds
The information technology industry is a critical component of the 21st cen
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
SAFE SECURITY SERVICES PVT. LTD.
LAVA INTERNATIONAL LTD.
FINOLEX INDUSTRIES LTD.
MICROMAX INFORMATICS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Sandip Patel
Sandip Patel is the Managing Director, IBM India/South Asia. He is res...
Technology Icons Of India 2023: Girish Mathrubootham
Girsh Mathrubootham envisioned and co-founded Freshworks. Freshworks, ...
Technology Icons Of India 2023: Ajit Balakrishnan
The Company markets specific channels, community features, local langu...
PARTNER SPEAKERS
PSU
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
Leading company into fertilizers in the country
NFL is a dynamic organization committed to serve the farming community...
VIDEOS
Top 25 Brands
Value-Added Distribution
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
TECH DATA, A TD SYNNEX COMPANY
Tech Data Corporation was an American multinational distribution compa...
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
