MSME Samadhaan

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MSME Samadhan

The Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 contains provisions of Delayed Payment to Micro and Small Enterprise (MSEs). (Section 15- 24). State Governments to establish Micro and Small Enterprise Facilitation Council (MSEFC) for settlement of disputes on getting references/filing on Delayed payments. (Section 20 and 21)

MSEFC of the State after examining the case filed by MSE unit will issue directions to the buyer unit for payment of due amount along with interest as per the provisions under the MSMED Act 2006. The buyer is liable to pay compound interest with the monthly rests to the supplier on the amount at the three times of the bank rate notified by RBI in case he does not make payment to the supplier for his supplies of goods or services within 45 days of the acceptance of the goods/service rendered. (Section 16) State Governments to notify (i) Authority for filing Entrepreneur Memorandum (ii) Rules of MSEFC and (iii) Constitution of MSEFC.

MSME Samadhaan Benefits

  • The portal facilitates the entrepreneurs in monitoring the delayed payments effectively.
  • The information on the portal will be available in the public domain.
  • The MSMEs will also be empowered to access the portal and monitor their cases.
  • The CEOs of PSEs and the secretary of the Ministries concerned will also monitor the delayed payment of MSEs and issues quickly.
  • Enterprises can register the cases if they do not get the amount within 45 days from PSUs or government agencies.

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