Besides Ministry officials and bankers, the workshop is being attended by entrepreneurs and various stakeholders from the MSME sector.
Presentations were made by TReDS, Bombay Stock Exchange, Chamber of Indian MS&M Enterprises, NeSL (National e-governance Services Limited) on the initiatives that are being taken to tackle the problem of delayed payments.
Many stakeholders suffering from delayed payments, spoke about their complaints and placed suggestions before the Minister and senior officials.
Shri Gadkari appealed all the stakeholders to use MSME Samadhan Portal so that sufficient data could be gathered about wilful defaulters, register themselves on stock exchanges and also assured them that the ministry will soon launch a marketing portal ‘Bharat Craft’ for the marketing of their products.
Ministry has already notified that all companies registered with the Companies Act, 2013 with a turnover of more than Rs. 500 crore and all Central Public Sector Enterprises shall be required to get themselves on-boarded on the TReDS (Trade Receivables Discounting System) platform, set up as per the notification of the Reserve Bank of India.
The Ministry has also notified that all companies who get supplies of goods or services from Micro and Small Enterprises and whose payments to suppliers exceed 45 days from the date of acceptance of the goods or services, shall submit a half-yearly return of the Ministry of Corporate Affairs stating the amount of payments due and reason of the delay.
Secretary MSME Shri Arun Kumar Panda assured stakeholders that all their suggestions and problems will be looked into by the Ministry.
Shri Nitin Gadkari also Re-Launched the Credit Linked Capital Subsidy (CLCS) web portal on the occasion. CLCS is a scheme that provides 15% subsidy for additional investment up to ₹ 1 cr. for technology up-gradation by MSEs.
In the relaunched scheme there is an additional 10 per cent subsidy to SC-ST entrepreneurs. MoUs were also signed by the office of DC, MSME with 11 Nodal Banks.
Additional Secretary and Development Commissioner Shri Ram Mohan Mishra welcomed representatives from PSUs, Banks, Industry association and entrepreneurs in the two-day long workshop on Credit Linked Capital Subsidy and Delayed Payment of MSMEs.