Budget 2021 Expectations for MSMEs: MSMED Act, MSEFCs have no teeth to resolve payment issues : Assocham’s Raikar | The Financial Express

Clipped from: https://www.financialexpress.com/budget/budget-2021-expectations-msmed-act-msefcs-have-no-teeth-to-resolve-payment-issues-assochams-raikar/2171090/

Union Budget 2021 Expectations for MSMEs: According to the MSME Development Act, state governments have to ensure that the MSEFC hold meetings regularly and decide on the delayed payment cases within a period of 90 days from the date they are brought under the consideration of the respective MSEFC.