MSME Development (Amendment) Bill, 2026 introduced in Rajya Sabha to tackle delayed payments
Key facts
- The Bill was introduced in the Rajya Sabha on 28 July 2026.
- It amends the MSME Development Act, 2006.
- Central public sector firms must settle MSME invoices through the TReDS platform.
- Mediation in delayed-payment disputes must finish within 90 days.
- The Centre gets power to classify enterprises by investment and turnover.
Why it matters
[Economy] Late payment by big buyers is a major problem for small firms. TReDS lets an MSME sell its unpaid invoices to banks and get cash quickly. The Bill later passed both Houses in August 2026.
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