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 the challenges faced by the MSME sector by improving its administrative structure and by facilitating better payment mechanisms for micro, small and medium enterprises, a segment central to employment and manufacturing in India.
Nabka Insight
A new amendment to the MSME Development Act, cleared by the Lok Sabha.
Powered by AIKey facts
- Bill: MSME Development (Amendment) Bill.
- Passed by the Lok Sabha without debate.
- Aims to improve the sector’s administrative structure.
- Seeks to facilitate better payment mechanisms for MSMEs.
Background
Relevant forSSC · State PSC · UPSC