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Informative

Railway Ministry Top Delayer Of MSME Payments

Update / Judgement Date

28 Aug 2024

Source

KNN India

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceMSME & Udhyam

A report has highlighted that the Railway Ministry is the leading defaulter in making timely payments to micro, small, and medium enterprises (MSMEs). This delay in payments adversely affects the financial health and operations of MSMEs, calling for improved payment practices and adherence to regulatory timelines to support the sector’s sustainability.