Ministry of Parliamentary Affairs · GODL-IndiaLok Sabha passes MSME Development Amendment Bill without debate
The Lok Sabha passed the MSME Development (Amendment) Bill without debate. The Bill seeks to address current challenges faced by the MSME sector by improving the administrative structure and facilitating payment mechanisms for micro, small and medium enterprises.
Nabka Insight
New legislation reshaping the MSME framework is examinable under polity and economy.
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- Lok Sabha passed the MSME Development (Amendment) Bill without debate
- Aims to improve the administrative structure of the MSME sector
- Seeks to facilitate payment mechanisms for MSMEs
Background
Relevant forSSC · State PSC · UPSC