Solving the Late Supplier Payment Problem

Treds Guide25 Feb, 2022Business

Late payment, even non-payment, of dues to the MSME sector is rampant. This increased manifold when the Covid crisis hit the economy. To address the issue the Government enacted several laws and started ?Samadhan? portal to monitor delayed payments to MSMEs. What the Samadhan portal has revealed is the huge sum that remains unpaid to MSMEs who approached the portal for redressal. There are 98666 applications filed by MSMEs to the portal. Out of these a mere 11057 cases have been disposed and 30074 applications have yet to be viewed. Evidently Samadhan is not much help to the cash strapped MSMEs which suffer from cash flow worries even under normal circumstances.