Understanding Section 15 of the MSMED Act

Ancoraa Resolution14 Jul, 2023Finance

While this allows them to maintain financial stability in the face of mounting pressures, this practice is not sustainable in the long run and further adds to the burden of business owners. This is why the government has introduced the MSME Samadhaan implemented under the MSMED Act, which is a scheme to empower micro and small entrepreneurs throughout the nation, allowing individuals to easily register their cases of delayed payments.