The Finance Minister announced stimulus package to boost liquidity availability to MSMEs with 100% Government Guarantee. This was a signalizing initiative to boost sentiments of MSMEs who have been facing the impact of COVID-19 lockdown. A major boost that would build sentiments of MSMEs are payment of dues to MSMEs.
CII conducted a survey of its members on pending payments Pan India. The Survey enumerated delayed payments from both the Public sector including Government Departments as well as the Private sector. Out of the total delayed payments about Rs 895 crores are stuck in disputes. Of these about Rs 420 crores are stuck with various banks as disputes.