Bullying of SMEs by large players must stop

Large customers call the shots when it comes to making payments to small units; the govt can help end this practice
Every conference, seminar and article on MSMEs (micro, small and medium enterprises) reminds us that they are the backbone of our economy, the pillar of our exports and the largest employers. Yet, a vast majority of these entrepreneurs and their enterprises suffer losses, face enormous challenges, are largely left to fend for themselves, before many of them fold up.
It would not be an exaggeration to say that their high mortality rate deserves similar attention as “farmer suicides”. A key challenge faced by most MSMEs is “finance”. Several enterprises are unable to overcome the road bump called “cash crunch”, shortening their life-cycles.
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