Revised MSME Classification (Effective April 1)
Key Changes in MSME Classification
- Micro Enterprises:
- Investment Limit: Increased from ₹ 1 crore to ₹2.5 crore.
- Turnover Limit: Increased from ₹5 crore to ₹ 10 crore.
- Small Enterprises:
- Investment Limit: Increased from ₹10 crore to ₹25 crore.
- Turnover Limit: Increased from ₹50 crore to ₹100 crore.
- Medium Enterprises:
- Investment Limit: Increased from ₹50 crore to ₹125 crore.
- Turnover Limit: Increased from ₹250 crore to ₹500 crore.
Implications of Revised Criteria
- More MSMEs qualify for higher categories, unlocking greater benefits.
- Encourages investment & expansion of small and medium businesses.
- Boosts ease of doing business and access to financial support schemes.
Significance of MSMEs:
- Employment Generation: India has over one crore registered MSMEs, employing nearly 7.5 crore people.
- Share in Manufacturing: MSMEs generate 36% of India’s total manufacturing.
- Share in Exports: MSMEs are responsible for 45% of India’s exports.
