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Lok Sabha clears MSME delayed payments bill without debate
The Hindu··7 Aug
The Lok Sabha on August 7 passed the Micro, Small and Medium Enterprises Development Amendment Bill, 2026, without debate amid Opposition protests. Rajya Sabha had cleared it on August 3, so Parliament has now approved the legislation. It focuses on delayed payments through faster dispute timelines and stronger recovery tools for MSME suppliers. The sitting cleared it lasted 16 minutes.
Prism
What It Means For You
- Small suppliers waiting on large buyers can track new timelines and partial-payment powers once the law is notified.
- CPSE vendors can note mandatory TReDS settlement is part of the amendment package.
- Business owners can follow rules even though the Lok Sabha cleared the bill without a full debate.
What's Happening
- Lok Sabha passed the MSME Development Amendment Bill, 2026, without debate on August 7.
- The bill had already passed Rajya Sabha on August 3 and is now cleared by Parliament.
- Its stated aim is faster handling of delayed payments and related liquidity problems for MSMEs.
What Changes For MSME Payment Disputes
- The House cleared the bill during roughly 16 minutes of proceedings after noon amid continuing protests.
- Courts could order payment of at least half an awarded sum if a set-aside plea is pending over six months.
- MSME Minister Jitan Ram Manjhi had cited rising outstanding credit to the sector before the Upper House vote.
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