Lok Sabha Question No. 34 (UNSTARRED), answered on 2019-11-18
Subject: Outstanding Dues of Small Enterprises
Ministry: FINANCE
Asked by: Kunhalikutty P.K.

## 34. SERI P.K. KTINHALIKUTTY:

Will the Minister of FINANCE be pleased to state:

- (a) whether  the Ministry has directed  the various Public Sector Undenakings to clear outstanding  dues of small enteryrises  atld service provideE;
- (b)  if so, the details  of outstanding  dues/payments by Handicrafts and Handlooms  Exports Coryoration oflndia Limired to small bullion parties as otr 31'1 October,  2019;
- (c)  whether the Covcmment  would probe the delay of payments  on untenable  ground to small bullion panies and ifnot, the reasons therefor;  and
- (d) the steps  which the Govemment proposes to take to clear  the legitimate  paymetrts  of small bullion  parties in line with the directive ofthe Ministry?

## ANSWER

## MINISTER OF STATE IN THE NIINISTRY OF FINANCE

## (SHRL,\NLR \G Sllrcll THAI(trR)

- (a) Yes.

(l) Ministry  of Micro Small  and Medium  Enterprises  (MSME)  has issued a Notification  No. S.O.5622(E) dated 02.11.2018  stating  "that all companies  who gets supplies  of goods or services  ftom Micrc and Small Enteryrises  afld whose pa),rnents to micro  and small supplie$ excecd forty-five &ys from the date of acceptance  or the date of de€med  acceptance of the goods  or services  as per the provision  of the Act, shall submit a half yeatly retum to the Ministry of Corporate  Affairs  stating the following:

- (i) The amount ofpayments  due
- (ii)  The rcason ofthe delayed."

MSME is monitoring  the issues of delayed payments fiom va ous Public Sector  Undertaking to clear  outstanding  dues of MSMES,  Ietters in this regard  have been issued to the contuolling Milistries of the concemed  CPSES.

## GO\tsRNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT  OF ECONOMIC AFFAIRS

## LOK SABHA UNSTARRED  QUESTION  NO. 34

TO BE ANSWERED ON NOVEMBER  18, 2OI9 (MONDA9 KARTIKA  27, l94l (Saka)

## OL'I'S'I ANDINC  DUES  OT' SNIALI, EN'TERPRISI,]S

## OUESTION

- (ll) various Celtral Public  Sector Ertelpris€s  (CPsEs)  have been requested  in a meeting headed by Department  of Expenditure and Department  ofEconomic  AJIairs otr 27.08.2019  to make palrrnents to vendors,  MSMES as well as to big companies as promptly as possible  in order to ensure adequate  noney supply/ liquidity in market. Wherever required, process reengineering  may be made to cut the unnecessary delays in the process. CPSEs  has also directed  to appoint  a Nodal Officer to monitor  palmenls.
- (b) The details of outstanding  dues  of butlion  parties ofHandicrafts  and Handlooms  Exports Corporation oflndia Limited  (HHEC)  as on 3li October20l9  llle as under:-

| S. No.   | Name of the Bullion parities                                               | Amount (io Rs- Crore)   |
|----------|----------------------------------------------------------------------------|-------------------------|
| I        | I\,[/s Atma Ram Amar Nath                                                  |                         |
|          | N4/s Delhi SDot Bullioo Tradins Co. Pvt. Ltd.                              | 0.03                    |
|          | M/s Edelweiss Commodities Ltd. (ECl,)                                      | 5.12                    |
| 4        | tr4/s lrost lntcrnalional Ltd.                                             | 2.16                    |
| 5.       | Nl/s Kothari Protluct ltd                                                  | 0.23                    |
| 6        | M/s Metlloy Trading Services (P) Ltd. (case pending with Customs Authori8) | 0. 12                   |
| 7        | MMTC Pamp India (P) Ltd                                                    | 0.05                    |
| s        | Ll/s Relegare Bullion Ltd                                                  | 0.16                    |
| 9        | N4's SMC Comtmde Ltd.                                                      | 2.48                    |
| l0       | Ivlls Soni Chunilal Govindbhai Jewellers Pvt. Ltd                          | 0.01                    |
|          | Total                                                                      | 12.,13                  |

## (c)&(d):

I{andicrafts  and Hardlooms Exports Corporation of India Limited  (HHEC) has withheld  the amount  of N4/s Edelweiss Commodities Ltd.  @CL)  against which CBI investigation  is under way and other bullion  parties  with whom HHEC  has identical agreement as signed with M/s ECL because any adverse decision in the CBI case with M/s ECL will hare financial implication  on them  as well.

HHEC has sought  views of CBI iB regard to u'ithheld  payment  of the bullion  parties,  other than I\4/s ECL.

Minisrry of MSME  has $eated SAMADHAAN  Portal (httn://samadhaa.msme.sov.inMyMsME[\4sEFcwelcomer.asox.) for modtodng  of the outstandirg dues to the MSES from the buyers of goods and services through  video confercnce,  meetings ofthe Chairman  ofthe MSEFCs  etc.