Ministry of Parliamentary Affairs · GODL-IndiaLok Sabha passes MSME Development (Amendment) Bill without debate
The Lok Sabha has passed the MSME Development (Amendment) Bill without debate. The Bill seeks to address the current challenges faced by the micro, small and medium enterprises sector by improving its administrative structure and facilitating payment mechanisms, aiming to ease credit and delayed-payment problems that constrain small businesses.
Nabka Insight
Legislative change to strengthen the MSME sector’s framework.
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- Lok Sabha passed the MSME Development Amendment Bill
- Passed without debate
- Improves the sector’s administrative structure
- Facilitates payment mechanisms for MSMEs
Background
Relevant forSSC · State PSC · UPSC