ENA MSME 2020-04-15 06:48:16 <p style="text-align:justify"><strong>New Delhi, Apr 15 (KNN) </strong>Union Minister for Micro, Small and Medium Enterprises (MSME) Nitin Gadkari has asked the industry to release payments due to micro, small and medium enterprises to help bring liquidity.</p> <p style="text-align:justify">Gadkari was speaking to the senior members of industry body FICCI via video conferencing.</p> <p style="text-align:justify">MSMEs should be protected through this economic crisis, he said.</p> <p style="text-align:justify">Gadkari said that the MSME ministry is working to increase credit guarantees to the sector to Rs 5 lakh crore from the present level of about Rs 1 lakh crore wherein 75% of the advances granted by financial institutions are covered by the governments Credit Guarantee Scheme.</p> <p style="text-align:justify">Gadkari, who is also the Minister for road transport and highways, said that the National Highways Authority of India is also working on fast-tracking arbitration cases, which will help inject liquidity into the market.</p> <p style="text-align:justify">The ministry has a definitive plan to clear all legitimate claims more or less within three months, Gadkari was quoted as saying in a government statement issued on Tuesday.</p> <p><iframe frameborder="0" height="500" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> 24870 https://knnindia.co.in/news/newsdetails/msme/gadkari-asks-india-inc-to-clear-dues-of-msmes-to-help-bring-liquidity 2020-04-15 06:48:16 knnindia.co.in