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Resource centre on India's rural distress
 
 

MSME sector is on the verge of collapse, says Nitin Gadkari

-PTI/ The Hindu Business Line

Union Minister Nitin Gadkari on Thursday said that micro, small and medium enterprises (MSME) sector is on the verge of collapse, and urged major industries to release the outstanding dues to such companies within a month. He said that the position of MSMEs was the “worst” as they were now engaged in a “battle for their survival”.

The Minister also noted that the pendency of dues owed to MSME units by the Central government, State governments, public sector undertakings and major industries was “very high”.

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