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Skip to content Low threshold in MSME definition has created a fear among MSMEs of graduating out of the benefits and hence killing the urge to grow.There has been a long-pending demand for revisions. Announcement: • Definition of MSMEs will be revised. • Investment limit will be revised upwards. • Additional criteria of turnover also being introduced. • Distinction between manufacturing and service sector to be eliminated. • Necessary amendments to the law will be brought about.
Global tenders to be disallowed upto Rs 200 crores • Indian MSMEs and other companies have often faced unfair competition from foreign companies. • Therefore, Global tenders will be disallowed in Government procurement tenders up to Rs 200 crores. • Necessary amendments of General Financial Rules will be effected. • This will be a step towards Self Reliant India आत्मनिर्भरर्ारत) and support Make in India. • This will also help MSMEs to increase their business.
Other interventions for MSMEs • MSMEs currently face problems of marketing and liquidity due to COVID. • e-market linkage for MSMEs to be promoted to act as a replacement for trade fairs and exhibitions. • Fintech will be used to enhance transaction-based lending using the data generated by the e-marketplace. • Government has been continuously monitoring settlement of dues to MSME vendors from Government and Central Public Sector Undertakings. • MSME receivables from Gov and CPSEs to be released in 45 days Other interventions for MSMEs
April 12, 2021 April 21, 2021
February 1, 2021 February 2, 2021
February 1, 2021 February 2, 2021
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