Her comments came in response to a question from a telecom equipment provider to the BSNL who said the telecom service provider was sitting on dues of the SME sector when they are already reeling under the Covid-19 stress.
“I do encourage all departments to clear the dues. In fact, I have held more than five meetings in the last three months with all central PSUs to ensure that they clear the dues except those under litigation,” the minister said.
“It is not just about outstanding dues, but I am also encouraging the PSUs to spend the capital money given to them,” she said.
The minister added that she understands the concerns raised by vendors on overdue payments.
To a question on what three factors led to India’s fast economic recovery after the Covid-induced lockdown, Sitharaman said there were no 2-3 factors.
“My greatest support was the spirit of Indian entrepreneurs, and the rock-like support I have received from the prime minister,” she added.