New Delhi, July 29 -- The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 introduced in the Rajya Sabha on Tuesday.

The proposed legislation aims to improve cash flows for small businesses, curb delays in payments and simplify regulatory compliance, with the objective of enhancing the ease of doing business for micro, small and medium enterprises.

Introducing the Bill in the Rajya Sabha, Union Minister Jitan Ram Manjhi described it as a need of the present time.

He said, "The Micro, Small and Medium Enterprises Development Act, 2006 had laid a strong foundation for the country's micro, small and medium enterprises. However, there have been significant changes over the past two decades."

"The business environment...