Rajya Sabha passes MSME Bill to speed up payment dispute resolution

Women workers at a at factory. REPRESENTATION PIC/I STOCK

The Rajya Sabha on Monday passed the Micro Small and Medium Enterprises Development (Amendment) Bill, 2026 that seeks to tackle the issue of delayed payments by prescribing timelines to ensure faster adjudication of disputes, provide recovery of the settlement agreement, and address their liquidity issues.

MSMEs contribute 31 per cent to India's GDP, 36 per cent to the country's manufacturing and 41 per cent to its exports.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever