Ministry of Parliamentary Affairs · GODL-IndiaLok Sabha passes MSME Development (Amendment) Bill
The Lok Sabha passed the MSME Development (Amendment) Bill without debate. The Bill seeks to address the challenges the MSME sector faces by improving its administrative structure and by facilitating payment mechanisms so that dues owed to small enterprises are settled more reliably, easing the operating environment for micro, small and medium enterprises.
Nabka Insight
Overhauls the administrative and payments framework governing the MSME sector.
Powered by AIKey facts
- Passed by the Lok Sabha without debate.
- Amends the MSME Development Act.
- Focus on a better administrative structure for the sector.
- Focus on facilitating payment mechanisms.
Background
Relevant forSSC · State PSC · UPSC