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Payment delay puts working capital stress on MSMEs
MUMBAI: Delayed payments are putting working capital stress on MSMEs, with average overdue receivables beyond 360 days at around Rs 3.8 crore per firm and a national invoice payment cycle of 73 days, even as 82.6% of invoices are issued with credit periods of 0 to 30 days, a report noted.
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thehindu.com
MSMEs continue to face issues related to delayed payments, finds a study
A study reveals that delayed payments severely impact cash flow and growth potential for Indian MSMEs, highlighting urgent financial management needs.
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timesofindia.indiatimes.com
Payment delay puts working capital stress on MSMEs
MUMBAI: Delayed payments are putting working capital stress on MSMEs, with average overdue receivables beyond 360 days at around Rs 3.8 crore per firm and a national invoice…