A Major Boost for Small Businesses: Government Widens MSME Definition with Higher Investment and Turnover Limits
New Delhi, 21 March 2025 | In a landmark decision set to benefit millions of small businesses, the Central Government has officially revised the definition of Micro, Small, and Medium Enterprises (MSMEs). The Ministry of Micro, Small and Medium Enterprises announced the new classification criteria through a gazette notification, significantly increasing the investment and turnover thresholds.