Supportive
MSME minister: How India’s amended law could create a more dynamic MSME sector for Viksit Bharat 2047
The MSME Development (Amendment) Bill, 2026, fosters a responsive, trust-based ecosystem. It simplifies registration, allows flexible classification, improves credit access, and ensures timely payments via TReDS. Dispute resolution is strengthened through councils and online options for faster case disposal and enforcement. Compliance adopts a trust-based approach, with warnings preceding penalties for minor issues. Authored by India’s MSME Minister, this legislation empowers enterprises to innovate, create jobs, achieving economic growth, enhancing ease of doing business and aligning with Viksit Bharat goals.
LiveMint · Jitan Ram Manjhi · Aug 14, 2026 at 9:39 AM