The revised definition of MSMEs in India, increasing the investment cap to ₹125 crore and turnover to ₹500 crore, has raised concerns among industrialists, who believe it disproportionately benefits larger enterprises. With 99% of MSMEs having a turnover below ₹1 crore, many feel smaller units will struggle to compete. Industrialist Badish Jindal has called for a separate department for MSMEs with turnover below ₹1 crore to ensure equitable benefits. Traders like Sonu Nilibar warn the changes could disrupt existing business dynamics and favor bigger players, potentially harming micro and small enterprises.
The revised definition of MSMEs in India, increasing the investment cap to ₹125 crore and turnover to ₹500 crore, has raised concerns among industrialists, who believe it disproportionately benefits larger enterprises. With 99% of MSMEs having a turnover below ₹1 crore, many feel smaller units will struggle to compete. Industrialist Badish Jindal has called for a separate department for MSMEs with turnover below ₹1 crore to ensure equitable benefits. Traders like Sonu Nilibar warn the changes could disrupt existing business dynamics and favor bigger players, potentially harming micro and small enterprises.