LatestLicenses And Certifications 8 August 2026
MSME Amendment Bill Passed
The parliament has passed the MSME amendment bill to improve payments and digital registration, aiming to support the sector which currently employs over 40 crore people, with the number of MSMEs registered on the Udyam portal expanding sharply, the bill is expected to further facilitate the growth of the sector by introducing updates to the existing framework, including improved payment terms and streamlined digital registration processes
The MSME sector has received a significant boost with the passage of the *MSME amendment bill*, aiming to enhance payment terms and digital registration for micro, small, and medium enterprises. Key aspects of the bill include:
- Improved payment terms for MSMEs to reduce delays and financial strain
- Streamlined digital registration processes through the Udyam portal, which has already seen a sharp increase in registrations.
The bill's passage is expected to have a positive impact on the sector, which is a significant contributor to the economy, employing over 40 crore people.
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