Govt accounts for nearly 94% of Rs 1,819 cr dues payable to MSMEs: CII poll

A study of 450 MSME members revealed that govt departments including state depts owe them Rs 1,709 Cr, while private sector also owes about RS 110 crore

After a public controversy about the quantum of funds owed by the government to Micro Small and Medium Enterprises (MSMEs) nationwide, the Confederation of Indian Industry (CII) has now said its members are owed upwards of Rs 1,819 crore.

"While there are several estimates of amounts due to MSMEs from the Government and Public Sector Undertakings (PSUs), a quick poll by CII of MSMEs indicated that about 450 firms reported delayed payments worth Rs 1,819 crore. Of this, public sector or government departments including state departments owe MSMEs Rs 1,709 Crore, while the private sector also owes about RS 110