MSME Package

Govt. Redefines MSMEs, Announced 3 Lakh Cr of Collateral Free MSME Loans

In another major announcement, the finance minister announced that there will be change in the definition of MSME. "You can be a larger-invested company, you will be defined as an MSME," she said. Another criteria i.e. turnover, along with investment size, will also define an MSME. "What was a micro unit i.e. investments of Rs 25 lakh, the investment is now Rs 1 crore," she added.