3) Upward Definition of MSME Flashcards
1
Q
What is the contribution of MSME’s to nation’s GDP ?
A
29-30% and almost 50% of exports
2
Q
What is the change in definition ?
A
1) Micro --> Old capital - 25lakh , New capital - 1cr Old turnover - 10 lakh , New turnover - 5cr 2) Small --> Old capital - 5cr , New capital - 10cr Old turnover - 2cr, New turnover - 50cr 3) Medium --> Old capital - 10cr , New capital - 50cr Old turnover - 5cr , New turnover - 250cr
3
Q
How is the new definition helpful ?
A
Relaxation of definition will help improve EODB . A way towards Atma Nirbhar Bharat
