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Government to Amend MSME Act for Faster Payments and Better Liquidity

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The Indian government plans to introduce amendments to the MSME Development Act aimed at improving financial conditions for small businesses. The proposed changes include mandatory digital invoicing and stronger safeguards against delayed payments to MSMEs. New facilitation councils will be established to speed up dispute resolution processes. A free national digital registration platform is also set to be launched under the revised framework. These measures are intended to enhance liquidity and ease of doing business for small and medium enterprises.

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Government to Amend MSME Act for Faster Payments and Better Liquidity · ShortSingh