● Quantum of delayed payments to MSMEs falls from ₹10.7 lakh crore in 2022 to ₹7.34 lakh crore by March 2024, indicating positive impact of policy measures ● Delayed payments to MSMEs are still equivalent to over 4.6% of India’s Gross Value Added (GVA) ● Government interventions—TReDS expansion, Section 43Bh of Income Tax Act,…
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