PSUs, govt agencies owe Rs 5 trn in outstanding dues to MSMEs: Gadkari

Union Minister Nitin Gadkari on Monday said the government agencies, public sector undertakings and industries owe an estimated Rs 5 trillion in outstanding payments to Micro, Small and Medium Enterprises (MSMEs).

The MSME minister said the Centre has decided that its ministries and public sector undertakings will clear outstanding payments of MSMEs within 45 days.

"State governments, their ministries and public sector undertakings, Government of India, its ministries and undertakings, and major industries combined owe an estimated Rs 5 trillionto MSMEs, money