Rajasthan’s MSEFC invites MSMEs with delayed payment issue to resolve disputes through conciliation

Jaipur, July 20 (KNN) The Micro and Small Enterprises Facilitation Council (MSEFC) has invited applications from entrepreneurs in order to settle their disputes through conciliation.

The MSMEs with the matters like payments for goods and services are being disposed of in the meetings held regularly during the last six months.

The council has resolved over 95 matters during its 41st meeting held earlier this week.

The council has invited MSMEs which are not getting payment for their goods and services in 45 days. It has asked them to submit their plea to the council for getting relief under the provisions of the Micro, Small and Medium Enterprises Development Act, 2006.

The party not making the payment is directed by the council to pay the original amount along with interest to the applicant.

The council is headed by the Industries Commissioner, while its convenor is the representative of the State-level Bankers’ Committee.