MSME Definition Changed, Investment Limit Revised Upwards | Read

MSME definition changed. Changed in favour of MSMEs. There was this fear that if they outgrow size, they'll lose benefits they'd get. Change so that they need not worry about growing in size, they'd still be able to get benefits. Investment limit, which defined MSME, is being revised upwards. Idea is that even with increased investment, you'd still be defined as MSME. Additional turnover criteria, apart from investment size. Differentiation between manufacturing or service-based MSME being removed. They shall be defined similarly. So now your investment can be up to 1 crore, turnover up to 5 crore, you shall be called micro enterprise.