Blog V3
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RS clears legislation to simplify dispute resolution & address payment delays faced by MSMEs
Clearing the Hurdle: Rajya Sabha Greenlights the MSME Bill
The Rajya Sabha has officially given its nod to the MSME Development (Amendment) Bill, 2026, passing the landmark legislation via a voice vote under the leadership of Union MSME Minister Jitan Ram Manjhi.
This legislative clearance marks a critical turning point for India’s small business ecosystem. By pushing the Bill through Parliament, the government has given real legal teeth to its promises, transitioning from mere policy guidelines to strict, enforceable laws. For millions of entrepreneurs, this approval means that escaping the trap of delayed payments is no longer just a hope—it’s about to become statutory law.
The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026
The Micro, Small, and Medium Enterprises Development (Amendment) Bill, 2026 was introduced in Rajya Sabha on July 28, 2026. It seeks to amend the Micro, Small and Medium Enterprises Development Act, 2006. The Act aims to facilitate the promotion and development of Micro, Small, and Medium Enterprises (MSMEs).
Government Mandates TReDS for Settlement of All MSME Invoices by Central Public Sector Enterprises
The Ministry of MSME has made it mandatory for all Central Public Sector Enterprises (CPSEs) to settle invoices received from MSME suppliers through the RBI-regulated Trade Receivables Discounting System (TReDS).
Resolution Plan
Have Resolution Plans Rescued Insolvency? Introduction Globally India’s Ranking in Ease of Doing Business is at 63rd...