PSUs must blacklist delinquents in MSMEs` payment Public Sector Units (PSU) must blacklist all contractors and sub-contractors who are delinquent in timely payment to MSMEs. Socially responsible PSUs should own up the responsibility of payment to MSMEs even if such MSMEs happened to work in their sites on indirect sub-contracts. While signing a contract with a large company, PSUs must also reserve a right to make direct payment to MSMEs, in case the direct contractor fails to make timely payment to their sub-contractors There are millions of small and medium enterprises operating in our country. One of the grievances most of them have is payment recovery of their dues from large players. Every government promise would only be superficial for most small companies if a stricter law fo...
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