ODISHA VIRUS COUNT APPROACHING 15K MARK  ODISHA CONFIRMS 14, 898 COVID-19 POSITIVE  WITH THREE MORE COVID-19 DEATHS IN ODISHA TOLL MOUNTS TO 77  TWO FROM GANJAM AND ONE FROM BHUBANESWAR  618 NEW COVID CASES DETECTED IN 22 DISTRICTS  GANJAM TOPS IN LIST WITH 286 CASES  FOLLOWED BY KHURDA 107 BALASORE 61 JAGATSINGHPUR 26 CUTTACK 16  

Centre Asks MSME Payment

With Delayed Payment to the MSMEs has become the biggest challenge for the sector, Union Government has urged the State Administration to direct All Agencies, including Public Sector Undertakings to release their payments immidately.

Ministry of Micro, Small and Medium Enterprises (MoMSME) has requested Odisha Government to ask the Public Sector Undertakings to release payments to MSMEs as these organizations facing financial crisis.

With Novel Corona Virus (COVID-19) Pandemic, MSME Sector is facing tough time and delayed payments to these organizations has created serious liquidity crunch.

AK Sharma, Union Secretary MSME , Government of India has requested the State Government in this regard and has urged to appoint a Nodal Officer to coordinate the entire process, so that the MSME Sector will not suffer during COVID-19 Pandemic.

Mr.Sharma has said in the present situation, MSME Sector is facing difficult time and overall supply chain has been badly affected and these organizations are facing resource crunch.

A senior officer pointed out that unless receivables are released in time, MSME Sector will be badly affected and economic cycle at grass root level will come to a standstill position.

While Prime Minister Narendra Modi has asked all concern to extend all out support for the MSME Sector, release of receivables from the Departments and PSUs will go a long way in restarting the economic cycle at the grassroots level, Mr.Sharma pointed out.

Concerned over the situation , Union Minister Finance Nirmala Sitharaman, while announcing the package of Atmnirbhar Bharat, had specifically urged for release of receivables to the MSME Sector for its revival.

While a number of MSMEs have filed their cases for payments, which are due and overdue, the payments are not released to those organizations, pointed out the Union Secretary MSME.

A large number of MSMEs have not filed the cases though their payments are not released and these organizations are not able to run their establishments due to paucity of funds.

Under this backdrop, State Government is to appoint a Nodal Officer and instruct all the Departments and PSUs to release the payments due to MSMEs within 45 days, said he.

MSMED Act also stipulates a maximum gap for payment from the day of acceptance or the day of deemed acceptance.

State Government in Department of MSME is needed to take up the cases and direct all Agencies and PSUs to make payments to MSMEs with immediate effect, where cases are clear.
 
 
 
 


eXTReMe Tracker
Powered by Catalyst IT Solutions Pvt. Ltd.