Financial ExpressJan 13, 2022Exclusive: MSME body CIMSME launches portal for MSMEs to report payment defaults by pvt, govt buyersEase of Doing Business for MSMEs: As of January 11, 2022, 333 users had registered on the portal, of which 123 have reported default of Rs 54.1 crore – Rs 52.5 crore against private entities, Rs 1.4 crore against public sector units, and Rs 7.20 lakh against government departments.Ease of Doing Business for MSMEs: MSME representative body Chamber of Indian Micro, Small and Medium Enterprises (CIMSME), which represents over 1 lakh MSMEs in the country, has launched an online portal for businesses to report payment defaults by their private or government buyers after the stipulated time of 45 days from the date of invoice generation.The new platform No Defaulters, launched last week, allows MSMEs to report delayed payment issues, check defaulters and the amount pending against them to other MSMEs before accepting new orders.Read more at Financial Express
Ease of Doing Business for MSMEs: As of January 11, 2022, 333 users had registered on the portal, of which 123 have reported default of Rs 54.1 crore – Rs 52.5 crore against private entities, Rs 1.4 crore against public sector units, and Rs 7.20 lakh against government departments.Ease of Doing Business for MSMEs: MSME representative body Chamber of Indian Micro, Small and Medium Enterprises (CIMSME), which represents over 1 lakh MSMEs in the country, has launched an online portal for businesses to report payment defaults by their private or government buyers after the stipulated time of 45 days from the date of invoice generation.The new platform No Defaulters, launched last week, allows MSMEs to report delayed payment issues, check defaulters and the amount pending against them to other MSMEs before accepting new orders.Read more at Financial Express
