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The Economic Times

Ashish Pandey

MSMED Bill promises faster payments, but TReDS hurdles and GST ambiguity may leave smaller firms behind

MSME MSMEs Charan Singh Deloitte India

Last week, Parliament passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, nearly 20 years after the enactment of the MSMED Act.

The Bill seeks to strengthen the legal framework governing MSMEs, improve ease of doing business, provide institutional mechanisms for sectoral development and address delayed payments faced by micro and small enterprises among many other things.

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