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Resources | Working Capital | November 24, 2025

Delayed Payments Report 3.0 — A National View of MSME Payment Delays

Delayed Payments Report 3.0 brings together extensive data and stakeholder insights to map the scale of the issue and the progress made toward timely settlements.


Delayed payments continue to be one of the biggest structural challenges for India’s MSMEs, affecting cash flow, production cycles, and long-term competitiveness. Delayed Payments Report 3.0 brings together extensive data and stakeholder insights to map the scale of the issue and the progress made toward timely settlements.

Released by India’s Chief Economic Advisor, the report highlights:

  • Trends in delayed payments across sectors
  • Experiences and expectations of MSMEs
  • The need for stronger digital payment and financing infrastructure
  • How platforms like TReDS and early-payment solutions can help improve liquidity predictability

As India advances toward faster, more transparent payment ecosystems, this report serves as a key reference for policymakers, corporates, and financial institutions.

Download the Delayed Payments Report 3.0
A comprehensive analysis of India’s MSME payment ecosystem and the path forward.

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