Under the MSMED Act, 2006, buyers must pay MSMEs within 45 days of acceptance or deemed acceptance of goods or services. If payment is not made within this period, interest compounds at three times the RBI bank rate.
MSME Samadhaan at samadhaan.msme.gov.in is the portal where Micro and Small Enterprises can file complaints against buyers – including large private companies, PSUs, and government departments – for delayed payments. Cases are forwarded to the Micro and Small Enterprises Facilitation Council (MSEFC) of the relevant state for adjudication.