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 Micro, Small and Medium Enterprises (MSME) sector by improving its administrative structure and facilitating payment mechanisms for enterprises. It updates the statutory framework governing MSMEs, a segment central to employment and manufacturing in India.
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New legislation reshaping the MSME framework — polity and economy relevance.
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- Passed by the Lok Sabha without debate.
- Amends the MSME Development Act framework.
- Aims to improve administrative structure and payment mechanisms for MSMEs.
Background
Relevant forSSC · State PSC · UPSC