283/2026-2027
12th August, 2026: The Lok Sabha on August 7, 2026, passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, following its passage in the Rajya Sabha on August 3.
The MSMED Act, enacted in 2006, has completed 20 years. The amendment seeks to modernise the legal framework and support the growth of MSMEs amid rapid technological and digital changes.
MSMEs have grown significantly, with registrations on the Udyam portal increasing from 1.65 crore in April 2023 to 9.16 crore currently. The sector provides employment to over 40 crore people and remains a key pillar of the Indian economy.
Detailed Report: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2296358®=48&lang=2
