Connect with us

World News

Cabinet meeting decisions – MSME definition: Entities with up to Rs 250 cr turnover, excluding exports, to be medium enterprises



As per the new changes, businesses with investment of less than Rs 1 crore and turnover of Rs 5 crore would be classified as micro enterprises. Under the existing criteria, a company with investment of less than Rs 25 lakh in the manufacturing sector and less than Rs 10 lakh in the services sector were considered micro enterprises.

Continue Reading