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FM Reveals 6 Measures For Msmes Under Centre's Stimulus Plan


13 May 2020

OMMCOM NEWS


New Delhi: Finance Minister Nirmala Sitharaman on Wednesday detailed six measures for supporting the country's MSME sector under the Centre's massive stimulus programme.

Accordingly, the investment limit for defining MSMEs has been revised upwards, said the FM.

Besides, she highlighted that additional criteria such as turnover has been considered for defining MSMEs.

The Centre has also decided not to go in for global bidding for government procurement for tenders up to Rs 200 crore, thereby, promoting the participation of MSMEs, she said.

In addition, e-market linkage for MSMEs will also be provided and that CPSEs will pay all receivables to MSMEs within 45 days.

(IANS)