NEW DELHI: Parliament on Thursday passed the Factoring Regulation (Amendment) Bill, 2021, to bring changes in the legislation aimed at helping the MSME sector.
The Bill, that will help the micro, small and medium enterprises (MSME) sector in the availability of working capital, was passed in the Rajya Sabha on Thursday. It was passed by the Lok Sabha on July 26.
Piloted by Union Finance Minister Nirmala Sitharaman, the Bill was passed after a discussion of 15 minutes amid protest and sloganeering by the opposition.
It will provide relief to the MSME sector and help them in ensuring a smoother capital cycle and …
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