Pandemic impacts spending capacity of MSME Ministry, Rs 1924.7 cr left unspent in FY21

In FY21, the Covid-19 pandemic impacted the spending capacity of MSME Ministry leaving Rs 1,924.7 crore unspent from Rs 7,572.20 crore allotted in the budget 2020-21. 

MoS MSME Bhanu Pratap Singh Verma informed the Rajya Sabha in a written reply that the MSME Ministry was able to deploy Rs 5,647 crore in actual expenditure.

“However schemes off-take in the financial year was impacted and thus at the revised estimate (RE) stage, the budget outlay for the Ministry was revised to Rs 5,664.22 crores,” he said. 

He stated that all the schemes are demand driven which is being implemented by the MSME Ministry.