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 current challenges in the MSME sector by improving its administrative structure and strengthening payment mechanisms for micro, small and medium enterprises. It amends the MSME Development Act of 2006.
Nabka Insight
A legislative amendment to the flagship MSME law — a polity/economy question on Bills passed this session.
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- Lok Sabha passed the MSME Development (Amendment) Bill without debate.
- Aims to improve the sector's administrative structure and payment mechanisms.
Background
Relevant forSSC · State PSC · UPSC