Chennai: The MSME Development Amendment Bill being presented in Parliament is trying to address just a few challenges faced by MSMEs, such as delayed payments, dispute resolution and easing some of the compliance burden. While the Bill attempts to tackle these issues, it fails to address several other key structural challenges, and implementation remains a major concern, says Anil Bharadwaj, Secretary General of the Federation of Indian Micro and Small & Medium Enterprises (FISME).According to Bharadwaj, the MSME sector continues to grapple with four major challenges—delayed payments, lack of affordable finance, rising compliance burden and inadequate technology adoption. While delayed…


