Union Finance Minister Nirmala Sitharaman Assures Support to MSMEs Amid West Asia Crisis
मुख्य बातें
- •Union Finance Minister Nirmala Sitharaman addresses the 37th Foundation Day event of the Small Industries Development Bank of India (SIDBI) in Mumbai.
- •Sitharaman assures support to MSMEs and exporters amid the ongoing crisis in West Asia.
- •The government is sacrificing Rs 1 lakh crore of revenue by cutting excise duties on diesel and petrol to cushion consumers from rising oil prices.
- •The Finance Minister highlights the need to focus on the 3Fs - fuel, fertiliser, and forex - amid the West Asia crisis.
- •Sitharaman emphasizes the need to give confidence to the people with words and actions.
- •The Finance Minister urges public sector undertakings not to exceed the 45-day window to make payments to MSMEs.
Union Finance Minister Nirmala Sitharaman on Monday, May 25, 2026, addressed the 37th Foundation Day event of the Small Industries Development Bank of India (SIDBI) in Mumbai, Maharashtra. In her speech, she highlighted the challenges posed by the ongoing crisis in West Asia and assured support to Micro, Small and Medium Enterprises (MSMEs) and exporters. The crisis has led to rising fuel costs, delayed cargo, costlier shipping, and a shortage of inputs, which could pressure working capital and uncertainty in export orders.
