New Delhi, Nov 26 || The quantum of delayed payments to MSMEs has steadily declined from Rs 10.7 lakh crore in 2022 to Rs 7.34 lakh crore by March 2024, indicating a positive impact of policy measures, according to a new report.
The report provides a comprehensive update on the critical issue of delayed payments to Micro, Small, and Medium Enterprises (MSMEs) in India, quantifying the value locked in delayed receivables at Rs 7.34 lakh crore (inflation-adjusted) as of March 2024, down from Rs 8.27 lakh crore in 2023 and the peak estimate of Rs 10.7 lakh crore in 2022.
The report by Global Alliance for Mass Entrepreneurship (GAME) and Federation of Indian Micro and Small & Medium Enterprises (FISME) and C2FO India was launched in the presence of V. Anantha Nageswaran, Chief Economic Advisor (CEA) and Ateesh Kumar Singh, Joint Secretary, Ministry of MSME.