Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-11-15

MSME Ministry increases capital limits for MSMEs

For MSME, the number will go upto Rs 50 lakhs and for SME, it will increase to Rs 10 crore.

SMEs in manufacturing and services now have a reasom to cheer up, as the MSME Ministry has made the announcement that it will raise the capital to ease the businesses environment, as per a PTI report.

"The need for a change in definition of micro, small and medium enterprises (MSMEs) has been raised by the various stakeholders from time to time considering changes in price index and dynamic market situation," the MSME Ministry told PTI.

"The Ministry of micro, small and medium enterprises proposes to address this issue through Micro, Small and Medium Enterprises Development Act, 2006 by way of amending the provision relating to definition of MSMEs," it added.

As per the proposal of the government, the tailor-made capital ceiling for both MSME and SME sectors will be doubled. For MSME, the number will go up from Rs 25 lakhs to Rs 50 lakhs and for SME, it will increase from Rs 5 crore to Rs 10 crore.

Besides, the PTI report stated that the government has suggested tripling the limit of medium enterprises from Rs 10 crore to to Rs 15 crore.

The PTI report further stated that the government has also initiated the draft of the Micro, Small and Medium Enterprises Development (Amendment) Act, 2014 and the proposed changes are likely to be introduced in Micro, Small and Medium Enterprises Development Act, 2006.

Related opportunities
  • Tea and Coffee Chain
    About:Chai N Gupshup is a popular chain of tea cafés..
    Locations looking for expansion Tamil Nadu
    Establishment year 1978
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 50 - 800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Preschools
    About Us A child's brain develops fully in the first five..
    Locations looking for expansion Tamil Nadu
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 1800 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Security & Helpline services
    Making Smart Transport Tech available for ANY business across the..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Laundry & Dry Cleaning
    About u cleanAt UClean, we are building India's first organized..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities