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 current challenges faced by the micro, small and medium enterprises sector by improving its administrative structure and facilitating payment mechanisms. The amendment updates the statutory framework governing the development of the MSME sector.
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Bills passed by Parliament and MSME-sector reforms are core polity and economy topics.
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- Lok Sabha passed the MSME Development (Amendment) Bill without debate.
- It aims to improve the MSME sector’s administrative structure.
- It seeks to facilitate payment mechanisms for MSMEs.
Background
Relevant forSSC · State PSC · UPSC