MoS Highlights MSME Support, Rejects Shutdown Claims
ECONOMY & POLICY

MoS Highlights MSME Support, Rejects Shutdown Claims

The Minister of State (MoS) for micro, small and medium enterprises (MSMEs) emphasised government efforts to support small businesses facing stress, describing a package of measures designed to maintain liquidity and protect employment. The minister explained that the priority was to avert large-scale disruptions to supply chains and production by ensuring timely credit and procurement support. The remarks framed the approach as collaborative, involving central and state agencies and financial intermediaries.

The minister outlined measures to expand access to timely finance for manufacturing and services units, with emphasis on working capital and receivables financing. The interventions were said to use government-backed facilities, bank lending and alternative finance channels to reduce the cost and time associated with borrowing. Administrative steps to streamline loan approvals and disbursals were indicated as part of efforts to ease cash flow pressures for enterprises across sectors.

Procurement support was described as a complementary pillar, with the government promoting greater participation of micro, small and medium enterprises in public and institutional sourcing. Measures to prioritise purchases from registered suppliers, to promote e-procurement platforms and to ensure faster payments to vendors were presented as ways to stabilise demand. The minister indicated engagement with buyer networks and industry associations to match supply capabilities with procurement requirements.

The minister dismissed reports of widespread shutdowns as inaccurate and sought to reassure stakeholders that essential economic activity was being safeguarded. The minister outlined steps to monitor the situation and to address bottlenecks through granular data collection and targeted interventions. An appeal was made for cooperation from lenders, buyers and state authorities to ensure continuity of production and employment while policymakers continued to review measures to support resilience.

The Minister of State (MoS) for micro, small and medium enterprises (MSMEs) emphasised government efforts to support small businesses facing stress, describing a package of measures designed to maintain liquidity and protect employment. The minister explained that the priority was to avert large-scale disruptions to supply chains and production by ensuring timely credit and procurement support. The remarks framed the approach as collaborative, involving central and state agencies and financial intermediaries. The minister outlined measures to expand access to timely finance for manufacturing and services units, with emphasis on working capital and receivables financing. The interventions were said to use government-backed facilities, bank lending and alternative finance channels to reduce the cost and time associated with borrowing. Administrative steps to streamline loan approvals and disbursals were indicated as part of efforts to ease cash flow pressures for enterprises across sectors. Procurement support was described as a complementary pillar, with the government promoting greater participation of micro, small and medium enterprises in public and institutional sourcing. Measures to prioritise purchases from registered suppliers, to promote e-procurement platforms and to ensure faster payments to vendors were presented as ways to stabilise demand. The minister indicated engagement with buyer networks and industry associations to match supply capabilities with procurement requirements. The minister dismissed reports of widespread shutdowns as inaccurate and sought to reassure stakeholders that essential economic activity was being safeguarded. The minister outlined steps to monitor the situation and to address bottlenecks through granular data collection and targeted interventions. An appeal was made for cooperation from lenders, buyers and state authorities to ensure continuity of production and employment while policymakers continued to review measures to support resilience.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code