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MSME Ministry writes to CMDs of top 500 Corporate Enterprises to clear MSME dues on priority   Sep 14, 2020

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

 In another major step towards payment of MSME dues by different sectors, Union Ministry of Micro, Small and Medium Enterprises (MSMEs) has now impressed upon the private sector enterprises of the country to take measures for release of payment of MSME dues on priority   The Ministry has also taken up the issue with States and motivated them to monitor and see that such payments are made expeditiously.


 While appealing to the Corporate India for their good gesture towards smaller units, Ministry of MSME has also reminded them of the legal provisions under the MSME Development Act, 2006 which mandate that the payment of MSME receivables are made within 45 days.  


Text of the Notification is attached   

 

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