New Delhi, Aug. 3 -- The Rajya Sabha on Monday passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, aimed at addressing delayed payments to MSMEs, improving their cash flow and speeding up the resolution of payment disputes. The legislation also seeks to strengthen digital registration, improve compliance and make it easier for MSMEs to scale up.

A key provision of the Bill is the proposed national digital platform for free and voluntary registration of MSMEs. State governments may also establish their own digital platforms to facilitate registration and enable enterprises to access applicable government benefits.

The legislation seeks to tackle one of the biggest challenges faced by MSMEs -- delayed paymen...