Nitin Gadkari assures solutions for timely payments to MSME

Speaking at a convention of ‘Laghu Udyog Bharti’, an RSS-linked outfit which works in MSME sector, Union MSME minister Nitin Gadkari said that he is trying to find a solution to the delayed payments which is an obstacle for the micro, small and medium enterprises (MSMEs). At the convention he also promised to rid the national capital of pollution in these five years.

The minister quoted, “the small scale industry producer never gets payments on time. I am seriously thinking, whether it is private or public sector or government, the payment of MSME should get released in 45 days, and I am trying to take some concrete decision on this,” he said added.

According to reports, the minister also spoke about MSME sectors role in employment generation. Nitin Gadkari stated, “So far, MSME have given jobs to 11.50 crore youths, and in these five years I am aiming to add five crore more employment opportunities.”

The minister also expressed his concern about the agrarian crisis at the convention. He said that the MSME ministry is focusing on handloom, handicrafts and agro-processing industries. The minister also highlighted that promoting entrepreneurship is an important mission of the government to become a 5 trillion-dollar economy.

 

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