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.