Micro, Small and Medium Enterprises

Jan 21, 2024 | by TeamLease RegTech Legal Research Team

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Commercial Compliance The Rajya Sabha on December 08, 2024, notified the Micro, Small and Medium Enterprises Development (Amendment) Act, 2022 to further amend the Micro, Small and Medium Enterprises Development Act, 2006.

The following has been amended-

In the Micro, Small and Medium Enterprises Development Act, 2006, after section 10, the Insertion of new sections 10A Lending rate and limit for lending of collateral-free loans and 10B Incentives to increase the inflow of equity capital sections shall be inserted.

[BILL NO. XCIX OF 2022]

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