Economy & Bankingv1 · 1 version
MSME Payment-Delay Reform Bill
India's small firms have long been paid late by their biggest customers; this amendment to the 2006 MSME law forces state-owned buyers to settle their bills through an online invoice platform and puts hard deadlines on the disputes that follow.
Last updated 7 August 20264 min read
Latest update
Parliament has passed the MSME payment-delay amendment: state-owned buyers must clear small-firm invoices on TReDS, and disputes now run on 30-day, 90-day and six-month clocks. Presidential assent is the last step before it becomes law.
- MSME
- MSMED Act 2006
- TReDS
- delayed payments
- Jitan Ram Manjhi
- arbitration
- small business law
- Parliament 2026
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