IMMEDIATE FINANCIAL REFORMS Essential for Empowering MSMEs in India's Power Sector

Micro, Small, and Medium Enterprises (MSMEs) are often hailed as the backbone of the Indian economy, and their role in the power sector is no exception.

MSMEs hold a critical role in India’s power sector, serving as key contributors to both the nation’s economic and social progress. They are essential to India’s energy landscape and lead the charge towards adopting more sustainable and efficient energy practices. Nonetheless, ongoing support is essential for them to surmount existing obstacles and to unlock their full capacity to drive India’s advancement and energy transformation.

With appropriate reforms and strategic policies in place, the power sector MSMEs are well-positioned to tackle existing hurdles and become a pivotal force in propelling economic prosperity. Stakeholders must collaborate and implement these reforms swiftly to unlock the sector’s true potential and ensure a sustainable future for all. Considering the scope of improvement for MSMEs, it is crucial to implement effective payment terms. Such provision will enable them to maintain their cash flows effectively and reduce their financial burden.