
Ananya Madhusudan
Featured in:
mondaq.com
Articles
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1 month ago |
mondaq.com | Siddharth Suresh |Prateek Singh |Ananya Madhusudan
The Micro, Small and Medium Enterprises Development Act, 2006("MSME Act") was introduced with the aimof developing and promoting micro, small and medium enterprises("MSME"). MSMEs play a pivotal role indriving employment generation and making substantial contributionsto the gross domestic product of the Indian economy. However, theirgrowth is frequently hindered by a recurring issue with respect tothe recovery of dues from its clients.
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