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New MSME policy, delayed payments & access to global market on agenda of key meeting called by govt on April 28

Updated: Apr 11, 2022 06:30:46am
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New MSME policy, delayed payments & access to global market on agenda of key meeting called by govt on April 28

New Delhi, April 11 (KNN) A draft of MSME policy, delayed payments and access to the global market are among the key items on the agenda of a high-level meeting to be chaired by Union MSME Minister Narayan Rane towards the end of this month. All major industry bodies in the sector have been invited to discuss the issues hurting the sector as per the draft agenda note circulated by the MSME Ministry. 

The issues related to definition of MSMEs and institutional credit have also been listed for discussion on April 28 at Vigyan Bhawan in the national capital.

Access to the global market and integration of MSMEs into the global supply chain would also be taken up. Industry associations have already sent their feedback to the government on the range of issues including draft MSME policy. 

The draft policy document for MSMEs in India has been prepared by Indian Institute of Public Administration (IIPA). This draft of the policy document noted that the move is in continuation of measures to promote competitiveness, technology upgradation, infrastructure, cluster development, dedicated credit, procurement of products and financial assistance to MSME.

MSME sector has been one of the worst-affected from pandemic and hence has drawn a lot of attention from policy-makers. (KNN Bureau)

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