definition of msmes

MSME Threshold limit raised by the Government

MSME threshold limit raised

The Government has once again revised the MSME threshold limit. Recently, under the newly announced Atmanirbhar Bharat Special economic & comprehensive relief package of ₹20 lakh crores, the Government had revised the definition of MSMEs and had given a new threshold limit for MSMEs. Now, the Ministry of Micro, Small and Medium Enterprises has again … Read more

Clarification issued on the Investment and Turnover for MSMEs Classification

msmes investment

The government had recently introduced a new definition for Micro, Small, and Medium Enterprises (MSMEs). This was based on investment as well as turnover. Government Introduces a New Definition of MSMEs   However, notification left MSMEs in dilemma on how to compute the investment and turnover figure. This is necessary to find out the correct … Read more

Government Introduces a New Definition of MSMEs

new definition of msmes

The Government has revised the definition of MSMEs under its newly announced Atmanirbhar Bharat Special economic & comprehensive relief package of ₹20 lakh crores. The Honourable Finance Minister Smt. Nirmala Sitharaman has given the details of this economic revival package. Numerous reliefs are announced for the small MSME businesses. Very importantly, the classification of MSMEs … Read more