Commercial's Treatise on Micro, Small and Medium Enterprises - Book by Dr. Rajeev Babel

Edition : 2nd (2026)

This second edition of Treatise on Micro, Small and Medium Enterprises, updated for 2026, offers an authoritative and comprehensive examination of the legal, policy, and institutional framework governing MSMEs in India. Designed as a definitive reference work, the book systematically presents the statutory provisions, government policies, regulatory mechanisms, and support structures affecting micro, small, and medium enterprises, without unnecessary commentary, making it highly suitable for academic study, professional practice, and legal reference.

The book is structured into 13 parts comprising 40 chapters, providing in-depth coverage of the evolution of industrial policy, including Industrial Policy Statements from 1948 to 1980 and the Industrial Policy Reforms post-1991. It examines the role, functions, and organization of the Ministry of MSME and details the legal framework under key legislations such as the Micro, Small and Medium Enterprises Development Act, 2006, the Industries (Development and Regulation) Act, 1951, the Khadi and Village Industries Commission Act, 1956, and the Factories Act, 1948.

This edition comprehensively covers government schemes and promotional measures for MSMEs, including credit-linked subsidy schemes, cluster development programmes, technology upgradation initiatives, and support for khadi, village, and coir industries. It elaborates on priority sector lending norms, RBI guidelines for MSME financing, restructuring of advances, revival and rehabilitation frameworks, and the role of institutions such as SIDBI, NABARD, and MUDRA.

The book also addresses contemporary issues impacting MSMEs, including insolvency and bankruptcy under the Insolvency and Bankruptcy Code, 2016, working capital assessment by banks, MSME registration and classification, and institutional mechanisms for delayed payments. It further explores the role of professionals, start-ups, MSME listing on SME exchanges, and global perspectives with reference to OECD MSME entrepreneurship strategies.

This edition is particularly useful for law students, academicians, legal practitioners, insolvency professionals, policymakers, bankers, chartered accountants, company secretaries, and entrepreneurs seeking a current, structured, and reliable resource on MSME law and policy. Serving as both a practical guide and an academic reference, this updated treatise reflects the evolving regulatory and economic landscape of MSMEs in India as applicable in 2026.