MSME Definition: Now even more Liberal

At a cabinet meeting today Mr. Nitin Gadkari, Minister of Road Transport & Highways, Micro, Small & Medium Enterprises, Government of India, shared that “There are six crore registered MSMEs in the country which provide jobs to over 11 crore people and contribute 29 per cent to the GDP.”

To further liberalise and include more units under the MSME categorisation, the maximum limit to the amount invested or turnover generated, has been further increased. Have a look.

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Finally Mr. Nitin Gadkari has his way and we all gain from it. MSME definition has been expanded to encompass even more enterprises than were intended in the AatmaNirbhar Press Release. The heavy and humongous wheel of the economy has to be pushed hard. Are you upto it?         

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