Govt Raises Investment For MSME

New Delhi: The government on Saturday announced the enhancement of investment and turnover limits for the classification of all Micro, Small and Medium Enterprises (MSMEs). Finance Minister Nirmala Sitharaman said to help them achieve higher efficiencies of scale, technological upgradation and better access to capital, the investment and turnover limits for classification of all MSMEs will be enhanced to “2.5 and 2 times, respectively”.

This will give them the confidence to grow and generate employment for youth, the minister said. Currently, over 1 crore registered MSMEs, employing 7.5 crore people, and generating 36 per cent of our manufacturing, have come together to position India as a global manufacturing hub.