Online dispute resolution portal to expedite hearing, ruling in cases of payment delay to MSMEs: Prez

New Delhi, Jun 27 (PTI) President Droupadi Murmu said the online dispute resolution portal launched on Friday will be a significant step towards expeditious hearing and decision-making in cases related to delayed payments to micro and small enterprises.

Speaking on the occasion of World MSME Day, President Murmu outlined the key challenges faced by MSME, such as access to finance, competition with big corporations and delayed payments.

She said the number of registered MSMEs has grown rapidly as a result of the government's efforts.

"The online dispute resolution portal launched today (Friday) will prove significant in expeditious hearing and decision-making in cases related to delayed payments," the President said. PTI RSN TRB