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Investment, turnover limit for MSMEs up
The New Indian Express Hubballi
|February 02, 2025
SMALL INDUSTRIES
IN a bid to support Micro, Small, and Medium Enterprises (MSME), Finance Minister Nirmala Sitharaman on Saturday announced increases in the investment and turnover limits for MSME classification, raising them by 2.5 and 2 times, respectively.
She highlighted that India has over 1 crore registered MSMEs, employing 7.5 crore people and contributing 36% to the country's manufacturing output. These MSMEs are crucial in positioning India as a global manufacturing hub and are responsible for 45% of India's exports.
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