 statement of objects and reasons a policy statement on small scale industries was made by the government in parliament it wasstated at that time that suitable legislation would be brought to ensure prompt payment of money by buyers to the small industrial units, 2, inadequate working capital in a small scale or an ancillary industrial undertaking causes serious and endemic problems affecting the health of such undertaking industries in this sector have also been demanding that adequate measures be taken in this regard the small scale industries board, which is an apex advisory body on policies rela-  ting to small scale industrial units with representatives from all the states, governmental bodies and the industrial sector, also expressed this ' view it was, therefore, felt that prompt payments of money by buyers should be statutorily ensured and mandatory provisions for payment of interest on the outstanding money, in case of default, should be made the buyers, if required under law to pay interest, would refrain from withholding payments to small scale and ancillary industrial undertakings 3 an ordinance, namely, the interest on delayed payments to small seale and ancillary industrial undertakings ordinance, 1992, was, eases tate promulgated by the president on the 23rd september, 1992 -  4, the bill seeks to muplace the said ordinance and to achieve the aferesail objects aoe ; new dei; p j kurien : the 20th november, 1992 