Over ₹10 locked up in delayed payments to MSMEs

NEW DELHI: A sum of ₹10.7 trillion, nearly 6% of the Gross Value Added (GVA) of Indian businesses, is locked up annually as delayed payments from buyers to MSME suppliers, said India’s first comprehensive report on the subject. The report by the Global Alliance for Mass Entrepreneurship (GAME) and Dun & Bradstreet (D&B) India was presented to the Union Minister for MSME Narayan Rane on Monday.

The report is the first of its kind to comprehensively uncover the issue of delayed payments and look into the impact of this practice on MSMEs’ survival and growth, supply chains, and the overall economy.

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