LatestLicenses And Certifications 8 August 2026
MSME Bill 2026 Passed
The Micro, Small and Medium Enterprises Development Amendment Bill, 2026 has been passed to align the Act with the changing MSME landscape, with the number of MSMEs registered on Udyam increasing from 1.65 crore, the bill aims to provide a new classification for MSMEs and promote their growth and development, the new classification will help MSMEs to access benefits and schemes provided by the government
The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 has been passed. *Key Features*:
- The number of MSMEs registered on Udyam has increased from 1.65 crore
- The bill aims to provide a new classification for MSMEs
- The new classification will help MSMEs to access benefits and schemes provided by the government
Some of the benefits of the new classification include:
- Easy access to credit
- Tax benefits
- Government subsidies
The bill is expected to promote the growth and development of MSMEs in the country
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.