Chidambaram asks Gadkari, Sitaraman on MSMEs to settle their accounts first
New Delhi: Senior Congress leader and former finance minister P Chidambaram has said that the government has announced an financial package to improve small and medium enterprises (MSMEs). Chidambaram said that the Ministers Nitin Gadkari and Nirmala Sitaraman should first settle their accounts and let the MSMEs save themselves without government help.
Mr. Chidambaram tweeted, “Minister Gadkari says that governments and PSUs owe Rs 5 lakh crore as unpaid dues to MSMEs. Minister Sitharaman says she will offer collateral free loan of Rs 3 lakh crore to MSMEs (numbering 45 lakhs).” He asked, “So, who is the lender and who is the borrower?!”
He also said, “The two ministers should settle the dispute and allow the MSME to take action in self-defence without the help of the government”.
Will the two ministers ‘settle their accounts’ first and let MSMEs save themselves without government’s ‘help’?
— P. Chidambaram (@PChidambaram_IN) May 15, 2020