The Hindu Business Line : PMO to discuss MSME report on Monday

NEW DELHI: The Prime Minister’s Principal Secretary Mr TKA Nair has called a meeting on Monday to discuss the recommendations of the MSME task force, said Micro, Small and Medium Enterprises Secretary Mr Dinesh Rai here on Wednesday.

The recommendations of the PMO-appointed task force on the micro, small and medium enterprises (MSMEs) have been submitted to Mr Nair, who headed the panel.

“We have submitted all the reports. Mr TKA Nair has called a meeting on Monday to discuss the implementation of those recommendations,” Mr Rai said.

He expressed the hope that the solutions and recommendations of these sub-committees would be able to do justice to the sector. He also said there is a need for time-bound implementation of these measures to help the sector badly hit by the global slowdo wn, come back to growth path.

On the procurement policy for MSMEs, he said the Committee of Secretaries would meet on this.

The sub-committees, headed by the Prime Minister’s Principal Secretary, had on September 25 formed six sub-groups to suggest ways of resolve problems of the sector in the areas of credit, infrastructure, labour and marketing.

The sector is demanding bank loans at par with the agriculture sector or less than eight per cent. It is also demanding that the minimum period for non-performing assets for micro-enterprise be extended from 90 days to 180 days. - PTI

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