New Definition of MSME
Definition of MSME will be revised by raising the Investment limit. An additional criteria of turnover also being introduced. The distinction between manufacturing and service sector will also be eliminated.
Low threshold in MSME definition have created a fear among MSMEs of graduating out of the benefits and hence
killing the urge to grow.
• There has been a long-pending demand for revisions.
• Definition of MSMEs will be revised
• Investment limit will be revised upwards
• Additional criteria of turnover also being introduced.
• Distinction between manufacturing and service sector to be eliminated.
• Necessary amendments to law will be brought about.