Don't worry, you are among a vast majority of MSMEs who are facing similar problems in India currently. The Ministry of MSME through The Micro, Small and Medium Enterprise Development Act, 2006 has laid down a framework and provision to assist MSMEs with their problem of delayed payments. The Ministry of MSME recognizes that this problem has been causing a hindrance in the growth of MSMEs and moreover the environment it creates is not favorable for business growth in India.

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