Govt Notifies Revised MSME Classification Criteria
ECONOMY & POLICY

Govt Notifies Revised MSME Classification Criteria

The government has announced revised criteria for classifying Micro, Small, and Medium Enterprises (MSMEs), which will come into effect from April 1. The changes include an increase in both investment and turnover thresholds across all categories.

Micro-enterprises will now be classified as those with investments up to Rs 25 million, up from the previous Rs 10 million, while the turnover limit has been raised to Rs 100 million from Rs 50 million. Similarly, small enterprises will now include units with investments up to Rs 250 million instead of the earlier Rs 100 million, and their turnover limit has been doubled to Rs 1 billion from Rs 500 million. Medium enterprises will now be defined as those with investments up to Rs 1.25 billion, an increase from Rs 500 million, with the turnover threshold raised to Rs 5 billion from Rs 2.5 billion. 

These revisions were announced by Finance Minister Nirmala Sitharaman during the Union Budget, where she proposed increasing investment limits by 2.5 times and turnover limits by twice the current values. The updated classification aims to boost the competitiveness of MSMEs, enabling them to scale operations and contribute more effectively to economic growth. 

(news on air)       

The government has announced revised criteria for classifying Micro, Small, and Medium Enterprises (MSMEs), which will come into effect from April 1. The changes include an increase in both investment and turnover thresholds across all categories. Micro-enterprises will now be classified as those with investments up to Rs 25 million, up from the previous Rs 10 million, while the turnover limit has been raised to Rs 100 million from Rs 50 million. Similarly, small enterprises will now include units with investments up to Rs 250 million instead of the earlier Rs 100 million, and their turnover limit has been doubled to Rs 1 billion from Rs 500 million. Medium enterprises will now be defined as those with investments up to Rs 1.25 billion, an increase from Rs 500 million, with the turnover threshold raised to Rs 5 billion from Rs 2.5 billion. These revisions were announced by Finance Minister Nirmala Sitharaman during the Union Budget, where she proposed increasing investment limits by 2.5 times and turnover limits by twice the current values. The updated classification aims to boost the competitiveness of MSMEs, enabling them to scale operations and contribute more effectively to economic growth. (news on air)       

Next Story
Real Estate

K Raheja Corp launches luxury tower at Raheja Galaxy, South Pune

K Raheja Corp Homes has unveiled a new luxury tower at Raheja Galaxy in South Pune, catering to the growing demand for premium living spaces in the area. Located off NIBM, the project offers seamless connectivity, excellent infrastructure, and a reputation for timely delivery and superior construction quality.The new tower features spacious 2-bed, 3-bed, and 3BHK L residences, priced from Rs 1.29 crore. The homes are designed with modern amenities and a neo-classical architectural style, offering a balance of functionality and luxury. Prices will increase after April 30th, making the early-bir..

Next Story
Infrastructure Urban

PM to Visit Bihar on April 24 for Panchayati Raj Day Celebrations

Prime Minister Shri Narendra Modi is scheduled to visit Bihar on 24th April 2025. During his visit to Madhubani, he will participate in the National Panchayati Raj Day celebrations at around 11:45 AM. On this occasion, he will inaugurate, dedicate, and lay the foundation stone for several development projects worth over Rs 134 bn, and will address the public gathering. As part of the programme, the Prime Minister will present the National Panchayat Awards, honouring the best-performing Panchayats from across the country. In the railways sector, Prime Minister Modi will flag off the Amrit Bha..

Next Story
Infrastructure Urban

Rs 140 Bn Infra Projects in North India Reviewed by DPIIT Secretary

Shri Amardeep Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), chaired a high-level Project Monitoring Group (PMG) review meeting to assess progress on major infrastructure projects in Uttar Pradesh, Haryana, Punjab, and Uttarakhand. The meeting was attended by senior officials from central ministries, state governments, and private sector project proponents. A total of 17 key infrastructure projects, collectively worth over Rs 140 billion, were reviewed during the session, which addressed 19 critical issues affecting project execution. The discussions..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?