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LATEST NEWS UPDATES | Monthly rise in procurement and payments to MSMEs: Govt

Monthly rise in procurement and payments to MSMEs: Govt

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published Published on Nov 25, 2020   modified Modified on Nov 25, 2020

-The Indian Express

Total procurement and transactions from MSMEs has gone up almost two-and-a-half times in October to Rs 5,000 crore compared to Rs 2,300 crore in May.

The Ministry of Micro, Small and Medium Enterprises (MSMEs) Tuesday said that there has been a monthly rise in procurement and payments to MSMEs, alongside a fall in the ratio of pendency of payments. The pending payments to MSMEs are around one-fifth against the procurement and within the 45-day window, it said.

Total procurement and transactions from MSMEs has gone up almost two-and-a-half times in October to Rs 5,000 crore compared to Rs 2,300 crore in May, the ministry said, adding that payments to MSMEs have also gone up in the same proportion from about 76 per cent in May to about 80 per cent in October.

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The Indian Express, 25 November, 2020, https://indianexpress.com/article/business/monthly-rise-in-procurement-and-payments-to-msmes-govt-7064358/


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