New Delhi: In a major step to support export-driven Micro, Small, and Medium Enterprises (MSMEs), the government has rolled out new financial initiatives designed to help these businesses grow and become more competitive on the global stage. The Finance Minister has unveiled a term loan scheme offering up to Rs 20 crore for high-performing export-oriented MSMEs. This initiative is expected to provide businesses with the resources needed to expand their operations and increase their export capabilities.
In addition, the government will introduce special credit cards tailored for micro-enterprises, offering limits of up to Rs 5 lakh. This new initiative is aimed at simplifying access to working capital and easing credit requirements for smaller businesses. These actions are part of the government’s ongoing efforts to strengthen India’s MSME sector, which plays a vital role in driving both exports and job creation.
New Classification Criteria for MSMEs
➡️ Investment limit for #MSME classification to be made 2.5 times
➡️ Turnover limits for MSME classification to be doubled#ViksitBharatBudget2025 #Budget2025 #UnionBudget2025 pic.twitter.com/O6HbgW8luX
— PIB India (@PIB_India) February 1, 2025
Union Budget 2025 Announcements by FM Nirmala Sitharaman: The government has unveiled two key initiatives for MSMEs including a term loan of up to Rs 20 crore for export-oriented businesses and customised credit cards with a Rs 5 lakh limit for micro-enterprises, aiming to boost growth and ease access to capital. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
