MSME Development (Amendment) Bill, 2026
12 August 2026
PRERNA FOR IAS
Mehnat Aapki, Guidance Humari
Roz ki Prelims Practice — Experts ke Saath
MSME Development (Amendment) Bill, 2026
Context: The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 seeks to modernise the MSMED Act, 2006, particularly by addressing delayed payments, improving dispute resolution and promoting digital formalisation. It was introduced in the Rajya Sabha on 28 July 2026, passed there on 3 August, and subsequently passed by the Lok Sabha on 7 August 2026.
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MSME Development (Amendment) Bill 2026 modernizes payment systems, introduces TReDS mandate, improves dispute resolution with 90-day mediation and arbitration timelines.
Keywords
MSME Development BillTReDS systemdelayed paymentsMSMED Act 2006dispute resolutionTrade Receivablesease of doing businessdigital formalisationmediation timelinearbitral awards