New Delhi, Jan. 22 -- Late payment is a headache to small and medium enterprises. While majority of SMEs suffer from poor cash flow, still they extend credit to their clients, in fear of losing business. This has become a way of doing business. But this sometimes leads to devastating consequences in the form of delayed payment. The bigger the order, the worse the problem, and interestingly it is big corporates, as most SMEs point out, that defer payment to them for months or years.
The government is no less aware of this menace, and from time to time, they have come out with measures to help SMEs get rid of it. Only a few months ago an online portal called 'MSME Delayed Payment Portal: MSME Samadhaan' was launched to enable MSEs directly r...