No diversion of GST cess funds, says Finance Ministry
The minister of finance said she was “equally monitoring” what the MSME ministry was doing to offer subordinate debts to company partners of stressed MSMEs.
due to this alteration , more MSMEs have inherit the system, and that they have benefited from the schemes given by the govt ,” Ms Sitharaman said while addressing the Tech Sparks 2020 event.
In this, banks won’t be the choosers. they’re going to blanket call all customers, send them SMSEs; the proper to refusal for this may be with customers, and not with banks,” she said.
She also said that she was “equally monitoring” what the MSME ministry was doing to offer subordinate debts to company partners of stressed MSMEs. Closely Monitoring Progress Of Small Businesses: Nirmala Sitharaman
On May 13, the minister of finance had announced a slew of initiatives for MSMEs under the government’s ₹ 20 lakh-crore Aatmanirbhar Bharat stimulus package.
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