MSME Payment Compliance
The Government has defended Section 43B(h) in Parliament, stating that there will be no change in MSME payment compliance.
Registered MSMEs have been facing issues with payment delays and have been forced to *shift to unregistered vendors* or *surrender their Udyam registration*.
- The Government has defended the section, citing its importance in ensuring *timely payments* to MSMEs.
- The response comes after reports of MSMEs facing *payment delays* and being forced to *surrender their Udyam registration*.
- The issue has been a major concern for *registered MSMEs*, who have been seeking relief from the Government.
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