New Delhi, September 28 (KNN) A high-level round table discussion focusing on the challenges faced by Micro, Small and Medium Enterprises (MSMEs) was held in New Delhi on Saturday.

The discussion focused on persistent issues affecting MSMEs, with particular emphasis on difficulties in accessing finance and payment delays.

These challenges were highlighted as major obstacles to the growth and sustainability of small businesses in India.

The event was attended by several important government officials, which showed the importance of the issues. SCL Das, Secretary, Ministry of MSME, represented the government.

He was joined by Atish Kumar Singh, Joint Secretary, Ministry of MSME, Anuja Bapat, Deputy Director General, Ministry of MSME and Manoj Mitthal Ayappan, Joint Secretary, Department of Financial Services.

SK Jain, President, Federation of Indian Micro and Small and Medium Enterprises (FISME) while inaugurating the event said, “Active activity of top political leadership has been the hallmark of this government. It has attracted investors and It has created confidence among entrepreneurs like never before.

He added, “The roaring success of PLI schemes is a testimony.

The round table provided a platform for a thorough discussion on these issues, with MSMEs and industry associations making important suggestions for possible solutions.

In his address, SCL Das emphasized the government’s commitment to support small businesses. “Ensuring the sanctity of contracts is critical to securing timely payments to MSMEs, which is essential for their continued growth,” he said.

He explained, “When contracts are honored and payments are made on time, MSMEs can maintain healthy cash flow, invest in their operations, and focus on growing their businesses. can.”

The event was organized by the Federation of Indian Micro and Small and Medium Enterprises (FISME) in collaboration with the Global Alliance for Mass Entrepreneurship (GAME) and regional MSME organisations.

The event marks the ongoing dialogue between the government and the MSME sector, highlighting efforts to address challenges and promote growth in this important segment of the Indian economy.

The discussions and suggestions presented during this round table are expected to contribute to future policy decisions and initiatives aimed at strengthening the MSME sector in India.

(KNN Bureau)