JAMMU, Feb. 1 -- The Federation of Industries Jammu (FOIJ) has hailed the Union Budget 2025-26, presented by Smt. Nirmala Sitharaman, the Hon'ble Union Minister of Finance, as highly beneficial for the MSME sector and for the country's overall industrial growth.
Sh. Lalit Mahajan, Chairman of FOIJ and President of the Bari Brahmana Industries Association (BBIA), welcomed the various budget proposals aimed at accelerating the development of key sectors, particularly MSMEs and the corporate sector. Some notable announcements from the Budget include:
Revised Turnover Classification for MSMEs: The classification criteria for MSMEs have been revised, with the turnover limit for micro enterprises raised from ?5 crores to ?10 crores, small enter...