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Revised MSME norms, credit guarantees, procurement reforms to aid small businesses: MoS Shobha Karandlaje
The Statesman Bhubaneswar
|December 19, 2025
The Government of India has taken several steps to promote ease of doing business for Micro, Small and Medium Enterprises (MSMEs) and create a conducive ecosystem for their growth and expansion, the Lok Sabha was informed on Thursday.
In a written reply, Minister of State for Micro, Small, and Medium Enterprises Shobha Karandlaje (Photo) said that the revised criteria for classification of MSMEs, first adopted in 2020, have been further updated with effect from 1 April 2025.
The revision aims to support upward mobility in technology, skilling, and business growth, while encouraging the transformation and expansion of MSMEs.
To simplify registration and compliance, the Udyam Registration Portal was launched on 1 July 2020.
Retail and wholesale traders were also brought under the MSME ambit with effect from 2 July 2021.
Additionally, non-tax benefits have been extended for a period of three years in cases where enterprises undergo an upward change in MSME status.
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