Nirmala Sitharaman said – pay the dues of MSME within 45 days

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Mumbai Finance Minister Nirmala Sitharaman has asked private sector companies to clear the dues of micro, small and medium enterprises within 45 days. It was also acknowledged that the central government departments and undertakings are also not paying the dues of MSMEs on time. Private sector and industry should resolve to pay within 45 days. The book of account should be filed with the Registrar of Companies. He said, the government will take steps to resolve the issue. It will ensure that its departments and PSUs pay small businesses within 90 days. Schemes like Trades Platform and Samadhan Portal help small businesses to get timely payments.