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 government said the Bill seeks to address current challenges faced by the micro, small and medium enterprises sector by improving its administrative structure and facilitating payment mechanisms, amending the framework that governs the country's MSMEs. The Bill cleared the Lower House during the ongoing legislative session.
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MSME legislation and the sector's classification-and-payments framework are polity staples.
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- Passed by the Lok Sabha without debate.
- Aims to improve the MSME sector's administrative structure.
- Seeks to facilitate payment mechanisms for MSMEs.
Background
Relevant forSSC · State PSC · UPSC