Govt to take steps to boost liquidity for small biz
The government plans new tools to boost liquidity for micro, small, and medium enterprises. Amendments to the MSME Development Act will be moved in Parliament soon. These changes aim to remove business hurdles and improve cash flow for these crucial companies. A new online dispute resolution mechanism will also be introduced for faster payment recovery. The Udyam registration portal will receive statutory backing as part of these reforms.
The government plans new tools to boost liquidity for micro, small, and medium enterprises. Amendments to the MSME Development Act will be moved in Parliament soon. These changes aim to remove business hurdles and improve cash flow for these crucial companies. A new online dispute resolution mechanism will also be introduced for faster payment recovery. The Udyam registration portal will receive statutory backing as part of these reforms.
