India, Feb. 1 -- Giving her budget speech for the financial year 2025-26, finance minister Nirmala Sitharaman today (on Saturday) announced that the investment and turnover limits for the classification of all MSMEs will be enhanced by 2.5X and 2X, respectively.

"This will give them the confidence to grow and generate employment for the youth," Sitharaman said while announcing the Union Budget 2025.

The FM said that currently over 1 Cr registered MSMEs employ 5.7 Cr people and contribute to 36% of the country's manufacturing. She added that the MSMEs have come together to project India as a global manufacturing hub with quality products.

"These MSMEs are responsible for 45% of the country's exports," Sitharaman said.

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