New Delhi, Feb. 1 -- In a major push to strengthen the Micro, Small, and Medium Enterprises (MSME) sector, the Union Finance Minister in budget 2025 announced an increase in investment and turnover limits for the classification of MSMEs.

The minister recognized the unique financial needs of micro-enterprises, and introduced customized credit cards with a limit of Rs 5 lakh.

FM said "for the micro-enterprises, we will introduce customized credit cards with a 5 lac rupee limit for micro-enterprises registered on Udhyam portal".

These cards will be available to businesses registered on the Udyam portal, ensuring financial support for small-scale entrepreneurs. In the first year, 10 lakh such credit cards will be issued.

To ensure easier ...