India, Aug. 11 -- The Government of India has issued a release:
The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, was passed by the Parliament in August 2026. It updates the existing MSMED Act, 2006 to align its provisions with the requirements of the MSME sector. The amendments seek to reduce payment-related constraints, make dispute resolution more time-bound and simplify compliance. Their broader objective is to facilitate the growth, development and competitiveness of MSMEs while promoting Ease of Doing Business.
Areas of Reform
The Micro, Small and Medium Enterprises Development Act, 2006
The Micro, Small, and Medium Enterprises Development (Amendment) Bill, 2026
MSME Classification
MSMEs are classified ...