Pending Dues to MSMEs

Ministry of Micro,Small & Medium Enterprises

Pending Dues to MSMEs

Posted On: 08 DEC 2022 1:03PM by PIB Delhi

Micro and Small Enterprises (MSEs) can file applications in Micro and Small Enterprise Facilitation Councils (MSEFCs) for delayed payments. After the application is admitted by the MSEFCs, it becomes a case. As per the information available on the SAMADHAAN Portal from 30.10.2017 to 30.04.2022, the details of total no. of pending applications in Andhra Pradesh  (district wise) are at Annex-I.

Steps taken by the Government to resolve the said issues are as follows:-

•           Under the provisions of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, Micro & Small Enterprises Facilitation Councils (MSEFCs) have been set up in the States/UTs to deal with cases of delayed payments of the Micro and Small Enterprises (MSEs).

•           Ministry of MSME launched SAMADHAAN Portal on 30.10.2017 (https://samadhaan.msme.gov.in/MyMsme/MSEFC/MSEFC_Welcome.aspx) for monitoring of the outstanding dues to the MSEs from the buyers of goods and services.

•           The Ministry of MSME created a special sub-portal within Samadhaan Portal on 14.06.2020, after the Aatma Nirbhar Bharat announcements, for reporting the dues and monthly payments by central Ministries/Department/Public Sector Enterprises to MSMEs. Dues of Rs. 1,65,034.09 crore have been paid to MSME vendors by Government Ministries/ Departments/CPSEs from May 2020 till 05th December, 2022.

•              The Ministry of MSME has also been urging States/UTs to set up more number of Micro & Small Enterprises Facilitation Councils (MSEFCs) for quicker disposal of cases related to delayed payments. The number of MSEFCs has gone up from 79 in 2019-20 to 113 in 2022-23. More than one MSEFC has been set up in Delhi, Jammu & Kashmir, Karnataka, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana and U.

•           Government of India has also instructed CPSEs and all companies with the turnover of Rs. 500 Crore or more to get themselves on-boarded on the Trade Receivables Discounting System (TReDS), an electronic platform for facilitating the discounting of trade receivables of MSMEs through multiple financiers.

•           Companies which get supplies  of goods or services from Micro & Small Enterprises and whose payment to Micro and Small Enterprises exceeds 45 days from the date of acceptance or the date of deemed acceptance of the goods or services, also need to submit a half yearly return to the Ministry of Corporate Affairs stating the amount of payments due and the reasons of the delay.

Annex-I

This information was given by the Minister of State for Micro Small and Medium Enterprises, Shri Bhanu Pratap Singh Verma in a written reply to the Lok Sabha.

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