+
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
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code