FINANCIAL AND OTHER MAJOR ISSUES PLAGUING MSME SECTOR

FINANCIAL AND OTHER MAJOR ISSUES PLAGUING MSME SECTOR

One of the major challenges faced by Micro and Small Enterprises (MSEs) is the delay in payment by buyers. A number of measures and initiatives have been taken by Government to address this issue: 

A number of steps have been taken by Government for the MSMEs with respect to the financial difficulties faced by the MSMEs.

Further, the Ministry of MSME, in order to help the MSMEs to grow technologically and to enhance their competitiveness, has established new Technology Centres (TCs) and Extension Centres (ECs) across the country. These TCs/ECs provide various services like technology support, skilling, incubation and consultancy to MSMEs and skill seeker, which makes them capable to deal with the issue of import and foreign export markets.

This information was given by the Union Minister of Micro, Small and Medium Enterprises Shri Jitan Ram Manjhi in a written reply in the Rajya Sabha today.

********