PM Narendra Modi bats for small businesses at Ficci AGM: Key takeaways

The prime minister said small businesses were suffering due to delayed payments by big companies and asked the latter to make timely payments to MSME vendors

Prime Minister Narendra Modi on Wednesday came out in support of Micro, Small & Medium Enterprises (MSMEs) and vendors, asking big companies to make timely payments. “MSMEs suffer on account of delayed clearance of dues by large companies,” he said at the inauguration of the annual general meeting (AGM) of the Federation of Indian Chambers of Commerce and Industry (Ficci).
 
The prime minister also assured people that their money as bank deposits was safe. “The government is working towards protecting interests and rights of depositors, but rumours being spread are totally opposite. Contribution of institutions like Ficci important to