Question
Which section of the MSMED Act, 2006 mandates the
creation of a 'Grievance Redressal Mechanism' for MSMEs?Solution
Section 18 of the MSMED Act, 2006 requires the establishment of a mechanism for the redressal of grievances related to MSME transactions. This includes issues related to payments and disputes, ensuring that MSMEs have access to a proper channel for resolving conflicts.
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