Ministries, CPSEs Paid Rs 6,800 Crore in Dues Owed to MSMEs in Last 3 Months: Govt

The Ministry of MSME said it followed up on this announcement vigorously and took up the matter with the central ministries, CPSEs and state governments. Particularly, very active follow up has been done with the heads of CPSEs, it added.

To make the reporting easy, regular and seamless, a dedicated online format has been made for reporting the monthly payments and pendency, the ministry said. The MSME Development Act of 2006 provides that such dues should be paid within 45 days.

“However, it is seen that MSME suppliers of goods and services do not receive their due payments within stipulated time. Public and private entities do cross this time limit and hence they cause hardship to the MSMEs,” the statement said. The ministry also said close to 4 lakh registrations have already taken place on the Udyam registration portal for MSMEs since the new system was launched in July.