High-level panel for industries

LUCKNOW: Accepting that banks have not been able to extend benefits of relief policies announced by the government for revival of the economy to the industrial sector, minister of state for MSME Pratap Chandra Sarangi on Friday said that the government was planning to set up a high-level committee to save industrial units from arbitrary policies of banks.

Speaking at a webinar organised by the

Small Industries

and

Manufacturers Association

(

SIMA

), the minister said that the committee would comprise government and

industry

representatives, chartered accountants and other experts.

The minister also agreed to set up an independent cell for micro industries among MSMEs, saying that there was a need to pay special attention to this category of industries.

Responding to complaints that government departments were not clearing dues, the minister said they had been getting several complaints of delayed payments and to address this, the government was considering setting up of a payment task force.


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