MSMEs are the backbone of the economy and are crucial for India’s GDP growth. But despite its importance, SMEs face many challenges, especially delayed payments from large corporations and government agencies. To solve this problem, the MSME Samadhaan portal was launched in April 2018. This guide will help you with the necessary documents required for MSME Samadhaan that you need to prepare before filing any application on the portal.
What are MSMEs in India?
MSME stands for Micro, Small, and Medium Enterprises. MSMEs are businesses or enterprises that fall within a certain range of annual turnover and investment in plant and machinery or equipment. Entities such as proprietorships, partnerships, companies, trusts, or societies with an investment of less than INR 50 crore and an annual turnover below INR 250 crore are eligible to apply for MSME registration in India.
Eligibility for MSME Samadhaan Portal:
To file a delayed payment complaint on the MSME Samadhaan portal, MSEs must meet these criteria:
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Qualify as a micro or small enterprise (MSE) as per the MSMED Act, 2006.
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Hold a valid Udyog Aadhaar Number (UAN).
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The buyer should be a relevant entity.
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Payment is overdue by more than 15 days.
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Issued and accepted invoice.
Documents Required for MSME Samadhaan:
If you’re filing a complaint against any delayed payment, these are the documents required for MSME Samadhaan portal-
Registration Documents:
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Aadhar Card: For authorized signatory identity verification.
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Udyog Aadhar Memorandum (UAM): Unique MSME identification number, which is a 12-digit identification number facilitated to MSEs by the Ministry of MSME.
Invoices and Contractual Documents:
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Invoice Copies: Copies of issued invoices raised by supplier.
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Purchase Order: Copy of buyer’s purchase order between supplier and buyer.
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Agreement or Contract: If applicable, payment terms are included.
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Delivery Challans: Proof of product delivery or service by supplier.
Proof of Communication and Reminders:
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Reminder Letters: Copies of sent reminder documents or emails.
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Correspondence Records: Copy of bookkeeping of all communication related to payment done between supplier and buyer.
Process of Submitting an Application on the MSME Samadhaan Portal:
Follow these steps to submit an application on the MSME Samadhaan portal:
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Visit the MSME Samadhaan website.
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Click ‘Case Filing for Entrepreneurs/MSE Units.’
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Choose ‘Udyog Aadhaar Number’ or ‘Udyam Registration Number.’
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Enter your Udyog Aadhaar/Udyam Number and mobile.
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Validate and enter the OTP sent to your email.
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Submit your application, including the required documents.
This complaint should be filed within a specific time limit. If the buyer doesn’t respond within 15 days, the case goes to the MSME Facilitation Council.
Conclusion:
MSME Samadhaan is an initiative by the Government of India for the speedy resolution of pending payments delayed more than 15 days after the invoice was raised. If you fulfil all the eligibility criteria, you can prepare all the documents required for MSME Samadhaan and submit them on the official website of the MSME Samadhaan portal.
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