Amid the Opposition’s uproar demanding an apology from Union Home Minister Amit Shah over the police action against protesting youth and students, the Rajya Sabha on Monday (August 3, 2026) passed the Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026. The Upper House functioned for only 19 minutes in the morning, and after reconvening in the afternoon, was adjourned for the day soon after the Bill was passed.
Opposition members did not participate in the discussion on the Bill. Amendments moved by INDIA bloc members Ajay Maken, John Brittas, V. Sivadasan and A.A. Rahim were defeated by a voice vote.
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The Bill, which replaces the 2006 Act, provides for the notification of a national digital platform for the free and voluntary registration of micro, small and medium enterprises (MSMEs).
According to Union MSME Minister Jitan Ram Manjhi, the legislation seeks to address the sector’s liquidity concerns by mandating all Central Public Sector Enterprises (CPSEs) to route invoice settlements through the Trade Receivables Discounting System (TReDS) for the procurement of goods and services from MSMEs.
