Tag: Delayed Payment

Ministry of MSME Brings Stronger Remedy for Delayed Payments
LimeLight

Ministry of MSME Brings Stronger Remedy for Delayed Payments

SMEStreet Edit Desk- September 14, 2020

MSME Ministry writes to CMDs of top 500 Corporate Enterprises to show solidarity with smaller units and clear MSME dues on priority. Enterprises with over ... Read More

90% Pending Dues of MSMEs Cleared: Anand Sherkhane ADC, MSME
InFocus, Finance

90% Pending Dues of MSMEs Cleared: Anand Sherkhane ADC, MSME

SMEStreet Desk- August 31, 2020

Anand Sherkhane, ADC, MSME Ministry said, ''The government has worked on clearing delayed payments that have given some ignition to the reviving MSME sector." Read More

‘Rs 5 Lakh Cr is Total Amount of Delayed Payment Which Govt Agencies Owe to MSMEs’
LimeLight, MSME Schemes

‘Rs 5 Lakh Cr is Total Amount of Delayed Payment Which Govt Agencies Owe to MSMEs’

Faiz Askari- May 26, 2020

"State governments, their ministries and public sector undertakings, Government of India, its ministries and undertakings, and major industries combined owe an estimated Rs 5 lakh ... Read More

MSME Council Registered over 550 Cases of Delayed Payments
LimeLight

MSME Council Registered over 550 Cases of Delayed Payments

SMEStreet Desk- December 10, 2019

According to rules, if a buyer fails to return Rs50, 000 out of Rs1 lakh, he will have to pay the pending payment with an ... Read More

Solution to the Crisis of NPAs and Delayed Payment Sufferings of MSMEs
InFocus, Banking & Finance

Solution to the Crisis of NPAs and Delayed Payment Sufferings of MSMEs

SMEStreet Desk- July 20, 2019

Even banks hide the NPAs and sickness information of the customers, so in the absence of such information, the trade and industry are unable to ... Read More

Around 50 Thousand MSMEs in Tamil Nadu are Facing Closure, Leaving Massive Job Crisis
Clusters, InFocus

Around 50 Thousand MSMEs in Tamil Nadu are Facing Closure, Leaving Massive Job Crisis

SMEStreet Desk- June 11, 2018

According to the Policy Note 2018-19, tabled in the Tamil Nadu Assembly, the number of registered MSME units in the state came down to 2,17,981 ... Read More

Action Taken Against BHEL for Delayed Payment for MSMEs
Clusters, Analysis

Action Taken Against BHEL for Delayed Payment for MSMEs

SMEStreet Desk- August 19, 2017

In a much needed action towards delayed payments, Bharat Heavy Engineering Limited (BHEL) was served the first notice under Section 9 of IBC by NCLT ... Read More