MUMBAI: Former finance minister P Chidambaram took a potshot at two present Union ministers on social media platform, Twitter, asking the government to first pay its personal excellent bills to micro, small and medium enterprises (MSMEs), which have been severely impacted by essentially the most stringent lockdown on this planet.
“Minister Gadkari (Union minister for MSMEs) says that governments and PSUs owe ₹5 lakh crore as unpaid dues to MSMEs,” the tweet read. “Minister Sitharaman (Union finance minister) says she will offer collateral free loan of ₹3 lakh crore to MSMEs (around 45 lakhs). So, who is the lender and who is the borrower?!,” Chidambaram mentioned in his first tweet.
“Will the 2 ministers ‘settle their accounts’ first and let MSMEs save themselves with out the government’s ‘help’?,” the second tweet learn.
In a TV channel interview on Thursday, Gadkari had mentioned state governments, main industries and different companies owe about ₹5 lakh crore to MSMEs throughout the nation. Many of those are funds pending by government ministries, departments or public-sector models. The government has requested state-owned corporations to prioritise cost to MSME distributors.
In her bulletins on Thursday, Sitharaman mentioned all unpaid dues to the sector will probably be cleared inside 45 days, although she didn’t make clear the extent of the government’s dues to the sector.