The Micro, Small and Medium enterprises (MSMEs) have been accepted as the engine
of economic growth and for promoting equitable development in all over the
world. Let there be any category of country (Developed, Developing and Under
Developed), the existence of MSMEs is inevitable. The major advantage of the
sector is its pivotal role through its contribution in Industrial output,
Exports, and majorly in Employment generation at low capital cost.
intensity of the MSME sector is much higher than that of the large enterprises.
The MSMEs constitute over 90% of total enterprises in most of the economies and
are credited with generating the highest rates of employment growth and account
for a major share of industrial production and exports.
Who All Can Be Part Of Msme?
||Investment in P & M
||↓ 25 Lakhs
||↓ 5 Crores
||↓ 10 Crores
||Investment in Equipment
||↓ 10 Lakhs
||↓ 2 Crores
||↓ 5 Crores
MSME Deleing With Delayed Payment
The MSME Act, 2006 contains provisions of Delayed Payment to Micro and Small
Enterprise (MSEs) (Section 15- 24). State Governments to established Micro and
Small Enterprise Facilitation Council (MSEFC) for settlement of disputes on
getting references/filing on Delayed payments. (Section 20 and 21)
Who Can Apply?
Above mentioned Enterprise having valid Udyog No.
- The buyer is liable to pay compound interest with the monthly rests to
the supplier on the amount at the three times of the bank rate notified by
RBI in case he does not make within 45 days of the acceptance of the
goods/service rendered. (Section 16)
- State Governments to notify (i) Authority for filing Entrepreneur
Memorandum (ii) Rules of MSEFC and (iii) Constitution of MSEFC.
- All States/UTs have notified Authority for Filing Entrepreneur's
Memorandum, 33 States/UTs (i.e. except Arunachal Pradesh, Assam and Manipur)
have Notified rules of MSEFC and all the 36 States/UTs have constituted
MSEFCs, as per provisions laid down under MSMED Act 2006.
- Every reference made to MSEFC shall be decided within a period of ninety
days from the date of making such a reference as per provisions laid in the
- If the Appellant (not being the supplier) wants to file an appeal, no
application for setting aside any decree or award by the MSEFC shall be
entertained by any court unless the appellant (not being supplier) has
deposited with it, the 75% of the award amount. (Section 19)
Where We Can File A Case.
The Office Of Msme Tribunal
Office of Joint Director of Industry,MMR, 702, 7th Floor, Vikas Center, Dr C.
Gidwani Marg, Chembur East, Mumbai - 400074