Govt to take steps to boost liquidity for small biz
The Union Cabinet approved amendments to the MSME Development Act to boost liquidity for micro, small, and medium enterprises.
Amendments will be moved in the monsoon session of Parliament to remove business hurdles and improve cash flow.
Statutory backing will be provided to the Udyam registration portal.
An online dispute resolution mechanism will be introduced for faster payment recovery.
Several provisions of the MSME Development Act will be decriminalized for simpler compliance.
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Times of India
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