Budget discourages delaying payments to MSMEs, says FM Nirmala Sitharaman

February 17, 2023

Thanks to the finance ministry’s constant nudge, government departments have mostly cleared their dues to MSMEs within the usual 45 days, or at best within 90 days. However, the minister indicated that many larger private sector firms are not clearing their dues on time, which prompted the government to resort to such a move.

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