Limits of investment and turnover for classification of Micro, Small and Medium Enterprises (MSMEs) revised to enable higher efficiencies of scale, encourage technological up-gradation, better access to capital and enhance global competitiveness

India, Jan. 29 -- The Government of India has issued a release:

The limits of investment and turnover for the classification of Micro, Small and Medium Enterprises (MSMEs) was revised to enable them for achieving higher efficiencies of scale, encourage adoption of technological up-gradation, better access to capital and to enhance global competitiveness. The revised classification is supported by a well designed framework that ensures continued support to Micro, Small and Medium Enterprises (MSMEs) through Priority Sector Lending, Public Procurement Preferences and various schemes & programmes for ruling out the risk of exclusion and monopolization by larger MSMEs.

As informed by DFS, as per RBI, for loans up to 25 lakh to units in the Mi...