MSME Bill Introduced, Looks to Speed up Payments

Manjhi Introduces MSME Development (amendment) Bill, Calls It the Need of the Present Time

Get latest articles and stories on India at LatestLY. The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 introduced in the Rajya Sabha on Tuesday. India News | Manjhi Introduces MSME Development (amendment) Bill, Calls It the Need of the Present Time.

MSME Bill introduced, looks to speed up payments

A key provision of the Bill is to strengthen the framework for addressing delayed payments, a long-standing challenge for micro and small enterprises that often strains their liquidity and disrupts business operations.

Govt introduces Bill in Rajya Sabha to tackle payment delays faced by MSMEs

Notably, the proposed legislation seeks to empower courts to order payment of at least 50 per cent of the awarded amount to MSME suppliers, if the application to set aside an order is pending for more than six months.

MSMEs may get their payments faster as new bill aims to cut delays

The law will also mandate government procurers from MSMEs to only pay them through certified Trade Receivables Discounting System (TReDS).

Centre proposes MSME law changes to speed up payments and reduce compliance burden

The move is aimed at helping MSMEs access working capital faster and reducing delays in receiving payments from government-linked entities.