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Informative

Ministry taking inputs to amend MSME Development Act

Update / Judgement Date

11 Sept 2024

Source

The Hindu

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceMSME & Udhyam

The Ministry of Micro, Small, and Medium Enterprises (MSME) is seeking input to amend the MSME Development Act. These amendments aim to address challenges faced by MSMEs and improve the regulatory framework supporting their growth. The proposed changes reflect a commitment to enhancing the support system for small and medium enterprises, fostering a more favorable business environment. Stakeholder feedback will play a crucial role in shaping these amendments to ensure they effectively meet the needs of MSMEs and promote their development.