Budget discourages delaying payments to MSMEs, says FM Nirmala Sitharaman

Budget discourages delaying payments to MSMEs, says FM Nirmala Sitharaman

The budget discourages large companies from delaying payments to micro, small and medium enterprises (MSMEs) for supply of goods and services, as these small businesses have been kept at the centre of the government’s development goals, finance minister Nirmala Sitharaman said on Friday. “The company that doesn’t clear the bill can’t claim offset (for that … Read more

View: Targeted reforms for easing micro entrepreneurship

View: Targeted reforms for easing micro entrepreneurship

In recent years, the Ease of Doing Business reforms’ emphasis on strengthening the MSME ecosystem in India has been evident. The government has rolled out a range of initiatives aimed at facilitating business for the sector. India Budget 2022-23 laid out an extension in the Emergency Credit Line Guarantee Scheme (ECLGS) with an expanded guarantee … Read more