Bengaluru, Feb. 22 -- The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has submitted its pre-state budget memorandum for 2025-26, emphasising investment revival, infrastructure development, and the need for a separate policy for micro, small, and medium enterprises (MSMEs).

FKCCI highlighted the necessity of a distinct policy for micro enterprises, stating that micro units, which constitute nearly 99 per cent of MSMEs, have a turnover of less than Rs 5 crore. In contrast, medium enterprises generate revenues of up to Rs 250 crore.

Given this significant disparity, FKCCI urged that micro and medium enterprises should not be categorised together. The body also called for a state-specific procurement policy to ensure t...