Quick Summary
Cabinet approves Upward revision of MSME definition and modalities/ road map for implementing remaining two Packages for MSMEs (a)Rs 20000 crore package for Distressed MSMEs and (b) Rs 50,000 crore equity infusion through Fund of Funds Fully paved way for Energising the MSME Sector through entire
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Cabinet has approved an upward revision of the definition of MSMEs, increasing investment and turnover limits for micro, small, and medium enterprises. They have also approved modalities for implementing two financial support packages for MSMEs.
For micro units, the limits are Rs 1 crore investment and Rs 5 crore turnover. For small units, it's Rs 10 crore investment and Rs 50 crore turnover. For medium units, the limits are now Rs 50 crore investment and Rs 250 crore turnover.
No, turnover from exports will not be counted in the turnover limits for any category of MSME units.
The Cabinet has approved Rs 20,000 crore as subordinate debt for distressed MSMEs and Rs 50,000 crore for equity infusion through a Fund of Funds.
The definition of MSMEs was last revised 14 years ago, since the MSME Development Act came into existence in 2006.
CAclubindia
