India’s micro firms face a credit squeeze9 min read . Updated: 29 Sep 2020, 06:10 AM IST
- The Centre has reclassified the definition of what constitutes a small and micro enterprise. Will it help or hurt them?
- When the limits are increased so drastically, we are providing a large inlet of firms that were otherwise not considered small or medium. This is bound to crowd out the smaller players
BENGALURU : Amid the farm sector debate, a recent notification by the government of India on the Micro Small and Medium Enterprises (MSME) went largely unnoticed. These circulars were issued in light of the announcements made by Finance Minister Nirmala Sitharaman on the reclassification of what could be considered under the category of MSMEs.
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