Glossary Definition
MSME Samadhaan
MSME Samadhaan Definition: MSME Samadhaan is the Delayed Payment Monitoring System launched by the Ministry of MSME, India. It empowers micro and small enterprises to file cases against buyers for delayed payments beyond 45 days.
Why it matters in Debt Collection
- Statutorily backed by the MSMED Act, 2006.
- Requires buyers to pay compound interest with monthly rests on the delayed amount.
- CarmaOne’s B2B module auto-compiles the entire invoice chain required for Samadhaan tribunal filings.