NEW DELHI, Aug. 3 (ANI): The Rajya Sabha on Monday passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, by voice vote amid sustained protests and sloganeering by opposition members over Union Home Minister Amit Shah’s absence from Parliament during discussions on the police action against student protesters in Delhi.
Union Minister for Micro, Small and Medium Enterprises Jitan Ram Manjhi moved the bill for passage in the Upper House. The legislation was introduced in the Rajya Sabha on July 28.
The proposed law aims to improve cash flow for small businesses, reduce delays in payments and simplify regulatory compliance to enhance the ease of doing business for micro, small and medium enterprises (MSMEs).
“This bill clearly indicates that the objective is to address the existing challenges of the MSME sector, reform the administrative framework, ease business payments, and promote regulatory compliance,” Manjhi told the House.
According to the bill, the proposed amendments seek “to align the Micro, Small and Medium Enterprises Development Act, 2006 with the changing MSME landscape, to enhance the ease of doing business and bring trust-based regulations in the MSME ecosystem.”
The bill also seeks “to strengthen the mechanism for addressing delayed payments and provide for enforcement of arbitral awards for the MSEs, and to introduce flexibility and create enabling provisions for states to decide the composition of the Micro and Small Enterprises Facilitation Council (MSEFC), thereby forming more MSEFCs.”
In practical terms, the legislation is intended to simplify business operations for MSMEs, strengthen mechanisms for resolving delayed payment disputes, ensure enforcement of arbitration awards, and give states greater flexibility to establish additional Facilitation Councils to resolve disputes involving micro and small enterprises. (ANI)
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