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  • Financial Express

MSME dues: 73% decline seen in YoY disposal of delayed payment applications in FY23

Credit and finance for MSMEs: The number of delayed payment applications by micro and small enterprises (MSEs) disposed in the financial year 2022-23 dropped by a significant 73.5 per cent year-on-year vis-a-vis 50 per cent decline in FY22, as per the official data. 1,043 applications involving Rs 182 crore were disposed by the facilitation councils across India in FY23 in comparison to 3,937 applications involving Rs 441 crore disposed in FY22 and 7,879 applications involving Rs 1,599 crore disposed in FY21.

Overall, data from the delayed payment monitoring system of the MSME Ministry – MSME Samadhaan showed 29,252 applications involving Rs 7,093 crore were filed by MSEs against central ministries, departments, public sector units and others in FY23, indicating only 3.5 per cent of applications disposed by facilitation councils during the year.

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