Licenses And Certifications 13 August 2026
MSME Development Bill Passed
The MSME Development Amendment Bill 2026 has been passed by Parliament to update the legal framework and support MSMEs, with changes to the classification system already in use for policy implementation and Udyam Registration, the bill aims to improve the business environment for micro, small, and medium enterprises, the new law will help to promote growth and development of MSMEs in the country, the updated framework will provide better support to MSMEs and help them to compete in the market more effectively
The *MSME Development Amendment Bill 2026* has been passed by Parliament to update the legal framework and support *MSMEs*, with changes to the classification system already in use for policy implementation and *Udyam Registration*. The bill aims to improve the business environment for micro, small, and medium enterprises. The key points of the bill include:
- updated classification system for MSMEs
- improved support for MSMEs
- promotion of growth and development of MSMEs,
the new law will help to promote growth and development of MSMEs in the country, for more details visit the original source
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