What is MSME limit?
MSME stands for Micro, Small, and Medium Enterprises, and the MSME limit refers to the maximum turnover or investment limit set by the government for businesses to be classified as MSMEs. The MSME limit was revised by the government in July 2020, and the new limit is as follows:
Micro Enterprises: Businesses with an annual turnover of up to Rs. 5 crore and investment up to Rs. 1 crore.
Small Enterprises: Businesses with an annual turnover of up to Rs. 50 crore and investment up to Rs. 10 crore.
Medium Enterprises: Businesses with an annual turnover of up to Rs. 250 crore and investment up to Rs. 50 crore.
It is important to note that the turnover and investment limits are mutually exclusive, which means that a business can be classified as an MSME Registration online in Delhi based on either its turnover or its investment.
The revised MSME limit aims to provide greater flexibility to businesses and encourage more enterprises to register themselves as MSMEs. The government has also introduced various schemes and initiatives to support MSMEs, such as the Credit Guarantee Fund Scheme, the Prime Minister's Employment Generation Programme, and the Technology Upgradation Programme.
In conclusion, the MSME limit is the maximum turnover or investment limit set by the government for businesses to be classified as MSMEs. The new MSME limit introduced in July 2020 aims to provide greater flexibility to businesses and encourage more enterprises to register themselves as MSMEs.
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