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Covid-19: Govt working on liquidity relief steps for MSMEs, says Nitin Gadkari

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The government is working on ways to ensure timely payment of pending dues to small businesses hit by the coronavirus-led lockdown, said Nitin Gadkari, micro, small and medium enterprises (MSME) minister, on Friday.

The MSME ministry is working on a ₹1 trillion Centre-backed fund, which will expedite reimbursement of pending bills to small businesses. “We are in the process of finalising the scheme and will soon send it to the finance ministry for approval.

This will be one of the ways to increase liquidity," Gadkari said in a video conference hosted by Associated Chambers of Commerce and Industry of India (ASSOCHAM).

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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