Sitharaman wants MSME’s dues cleared at the earliest
Finance Minister Nirmala Sitharaman has told the Ministries to explore PPP mode for viable projects and actively get projects funded through innovative structuring and financing.
She also wants the Ministries to provide all support to private sector for enhancing infrastructure spending while ensuring the CPSEs under the ministries clear MSME’s dues at the earliest.
Sitharaman made it clear at the fourth review meeting with Ministries and Departments on the infrastructure roadmap ahead after the presentation of Budget 21-22.
She told Secretaries of Ministries to push expenditure on large important projects to ensure that the achievement is commensurate with timelines and called on the Ministries to take up regular reviews of sector-specific projects with the concerned State Governments for effective implementation of the same.
The Finance Minister said that she will continue to hold regular review meetings with all Ministries and Departments.
The Minister emphasized that enhanced capex will play a critical role in revitalising the economy post-pandemic and encouraged the Ministries to front-load their capital expenditure.
Ministries were also instructed to aim to achieve more than their capex targets.
The Finance Minister said that the Budget for Financial Year 2021-22 provided a capital outlay of Rs.5.54 lakh crore, a sharp increase of 34.5% over the Budget Estimate of 2020-21.
However, the efforts from the budgetary side to increase the capital expenditure have to be complemented by the Public Sector Enterprises, she stressed. #tenders #projects #contracts #infrastructure #budget /fiinews.com
