Licenses And Certifications 13 August 2026
MSME Update
The MSME Development Amendment Bill 2026 has been passed by Parliament to better support MSMEs, updating the legal framework and classification system used for policy implementation and Udyam Registration. India's textile and apparel exports have risen to ₹3.25 lakh crore in 2025-26, with a 4.5 percent increase, while 174 textile MSMEs have shut down in Jammu Kashmir, affecting 886 jobs.
The MSME Development Amendment Bill 2026 has been passed by Parliament to better support MSMEs, updating the legal framework and *MSME classification system* used for policy implementation and Udyam Registration. Key points about the update include:
- Updated legal framework to support MSMEs
- MSME classification system already in use for policy implementation and Udyam Registration
In other news, India's *textile and apparel exports* have risen to ₹3.25 lakh crore in 2025-26, with a 4.5 percent increase. However, 174 *textile MSMEs* have shut down in Jammu Kashmir, affecting 886 jobs.
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