New Delhi, March 27 -- The long awaited revision in MSME classification is finally here - better late than never. In my opinion, the government's decision to revise MSME classification limits is a landmark move that will provide a significant boost to small businesses of the country. Having seen the struggles of MSMEs closely, over the years, I feel this change is both timely and necessary.
For your knowledge, I'm giving the increased thresholds for your ready reckoning.
For micro-enterprises the Investment limit has been raised from Rs.1 crore to Rs.2.5 crore, and the turnover from Rs.5 crore to Rs.10 crore.
Meanwhile for small enterprises, the investment cap has been increased from Rs.10 crore to Rs.25 crore, with the turnover cap incr...