Indian Government to Amend MSME Act for Faster Payments and Liquidity

For ease of liquidity & business, government to amend MSME Act

New amendments to the MSME Development Act will ensure faster payments for small businesses. Mandatory digital invoicing and stronger protections against delayed payments are proposed. The government aims to improve liquidity for these vital enterprises. Dispute resolution will be accelerated through new facilitation councils. A free national digital registration platform will also be introduced.

By MANASH PRATIM GOHAIN