LIVE TV DownloadNews18 App
News18 English
»
1-min read

MSEs Can Now File Delayed Payment Grievances Online

"The portal would facilitate implementation of the delayed payment provisions of the MSMED Act 2006 and also assist in monitoring of delayed payment cases," MSME minister Kalraj Mishra said.

PTI

Updated:April 27, 2017, 7:25 PM IST
facebookTwittergoogleskypewhatsapp
MSEs Can Now File Delayed Payment Grievances Online
Representative image
Loading...

New Delhi: A portal was launched on Thursday to enable micro and small enterprises to file their delayed payment related grievances online.

Through the Micro and Small Enterprises Facilitation Council (MSEFC) portal launched by Union minister Venkaiah Naidu here, the grievance filed would be communicated through email and SMS to the parties involved.

As on March 31, 3,690 cases involving an amount of Rs 1,660 crore are being considered by various the MSEFCs.

The Micro, Small and Medium Enterprises Councils have been set up to mediate in disputes related to payments between a buyer and a supplier of goods and services.

The portal would also help officers of the MSME ministry as well as the state government concerned in monitoring the progress of cases at state and national levels.

"The portal would facilitate implementation of the delayed payment provisions of the MSMED Act 2006 and also assist in monitoring of delayed payment cases," MSME minister Kalraj Mishra said.

"In fact, the online portal would be of great help to start-ups since delayed payment is probably the single biggest problem for start-ups," he added.

Besides, a MyMSME mobile app was also launched by Naidu, which provides information on all schemes implemented by the Ministry of MSME at one place. The mobile app will provide a single window to MSMEs to access information on all schemes implemented by the MSME Ministry and apply for any of them. MSMEs can also lodge grievances pertaining to the Ministry of MSME through this app.



Catch the Biggest Newsmakers and the Biggest Newsbreaks on CNN-News18, your favourite English TV news channel. Keep watching CNN-News18 at just 50 Paise per Month. Contact your cable /DTH operator Now!
*Rental / capacity fee of Rs.130/- as charged by cable / DTH operator may apply. **GST extra.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,235.15 -0.21
Sun Pharma 418.95 5.18
Kotak Mahindra 1,291.75 1.91
Asian Paints 1,406.95 -1.07
Yes Bank 192.20 0.13
Company Price Change %Gain
Page Industries 22,510.10 -1.84
Reliance 1,234.75 0.02
Sun Pharma 418.05 4.95
Yes Bank 192.10 0.00
Axis Bank 661.80 0.23
Top Gainers
Company Price Change %Gain
Sun Pharma 418.95 5.18
Wipro 346.50 2.58
Titan Company 982.65 2.07
Kotak Mahindra 1,291.75 1.91
Dr Reddys Labs 2,640.30 1.56
Company Price Change %Gain
Sun Pharma 418.05 4.95
Kotak Mahindra 1,291.60 1.92
Bajaj Finance 2,616.65 1.07
Hero Motocorp 2,823.85 1.05
Axis Bank 661.80 0.23
Top Losers
Company Price Change %Gain
Vedanta 191.50 -3.50
Tata Steel 456.55 -3.21
M&M 708.50 -2.99
Zee Entertain 425.25 -2.61
HCL Tech 940.75 -2.59
Company Price Change %Gain
Vedanta 191.45 -3.50
Tata Steel 456.80 -3.13
M&M 708.05 -3.08
HCL Tech 941.60 -2.18
Bharti Airtel 304.25 -2.00

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results