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    MSME Samadhaan Procedure

    Uploaded by

    pvdeo282

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    MSME Samadhaan Procedure: Filing an Application

    Under the MSME Samadhaan scheme or MSME Samadhaan Procedure, an MSME can file
    an application to claim unpaid dues against a buyer who is either a company or a limited
    liability partnership firm.

    The application can be filed by the MSME if the payment is overdue for more than 45 days
    from the date of acceptance or the deemed date of acceptance of goods or services as per the
    agreement between the parties.

    The application can also be filed for disputes arising from the supply of goods or services to
    the buyer.

    The application for MSME Samadhaan can be filed online through the MSME Samadhaan
    portal or offline by submitting a physical application to the concerned authority. The portal
    provides a user-friendly interface for filing the application and tracking its status.

    The application must include the details of the MSME, such as name, address, contact details,
    PAN number, GSTIN number, and bank account details. It should also include the details of
    the buyer, such as name, address, contact details, PAN number, and GSTIN number. The
    application should mention the amount due to the MSME and the date from which the
    payment was due.

    MSME Samadhaan Procedure: Supporting Documents


    The application must be accompanied by relevant documents supporting the claim, such as
    purchase orders, invoices, delivery challans, and any other document as required by the
    authority.

    The application should also include a declaration stating that the information provided in the
    application is true and correct to the best of the applicant’s knowledge.

    MSME Samadhaan Procedure: Notice to the buyer


    The concerned authority will issue a notice to the buyer within two days of receiving the
    application.

    The notice will mention the details of the application and direct the buyer to file a reply
    within fifteen days from the date of receipt of the notice. The reply should include the reasons
    for non-payment or the dispute, along with supporting documents.

    MSME Samadhaan Procedure: Dispute Resolution


    If the buyer fails to file a reply within the specified time or does not respond, the authority
    starts conciliation proceeding and if conciliation proceedings fails an arbitration proceeding.

    The matter is adjudicated in arbitration proceedings and award is passed accordingly.


    In some states authorities follows the following procedure:

    when buyer fails to respond, the authority pass an ex-parte order in favor of the MSME.
    However, if the buyer files a reply, the authority will hear both parties and pass an
    appropriate order within sixty days from the date of receipt of the application.

    The order passed by the authority is final and binding on both parties. If the buyer fails to
    comply with the order, the authority may issue a certificate of recovery to the district
    collector, who shall recover the amount due as arrears of land revenue.

    MSME Samadhaan Procedure: Significance


    The MSME Samadhaan scheme has been helpful for MSMEs in receiving timely payments
    and resolving disputes with their buyers.

    The scheme has reduced the burden of pending dues on MSMEs and has provided a quick
    and efficient mechanism for resolving disputes.

    With the implementation of the scheme, MSMEs can focus on their business growth and take
    up more business opportunities without the fear of delayed payments.

    The scheme has also been instrumental in boosting the confidence of MSMEs and
    encouraging them to participate in government initiatives and schemes. MSMEs form the
    backbone of the Indian economy, contributing significantly to employment generation,
    exports, and GDP.

    The timely payments and dispute resolution mechanism provided by MSME Samadhaan help
    MSMEs to grow their businesses and contribute more to the economy.

    The MSME Samadhaan scheme has also been helpful in promoting the ease of doing
    business in India. The scheme provides a user-friendly portal for filing applications and
    tracking their status. The scheme has reduced the time and cost involved in resolving disputes
    and has provided a transparent mechanism for resolving disputes.

    Conclusion:
    The MSME Samadhaan scheme or MSME Samadhaan Procedure has been a game-changer
    for Indian MSMEs, providing them with a quick and efficient mechanism for resolving
    disputes and receiving timely payments.

    The scheme has reduced the burden of pending dues on MSMEs and has boosted their
    confidence in participating in government initiatives and schemes.

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