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Government, CPSEs to honour all MSME receivables within next 45 days: FM Nirmala Sitharaman

The finance minister detailed the economic stimulus package under the Atmanirbhar Bharat Abhiyan.

May 13, 2020 / 08:52 PM IST

Finance Minister Nirmala Sitharaman, addressing the media on May 13, said the government and Central Public Sector Enterprises (CPSEs) would honour all micro, small and medium enterprise (MSME) receivables within the next 45 days.

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The finance minister detailed the Rs 20 lakh crore economic stimulus package under the Atmanirbhar Bharat Abhiyan.

The first tranche of the announcement has 15 relief measures, of which six pertain to the micro, small and medium enterprises (MSMEs), two related to Employees' Provident Fund, two on non-banking finance companies (NBFCs), housing finance companies (HFCs) and micro-finance institutions (MFIs), one on discoms, one for contractors, one for real estate and three tax measures.