Cabinet approves ₹50,000 crore fund of funds for MSMEs

The upward revision of MSME definition is broadly on the lines of that detailed in the Rs 21 lakh crore Atmanirbhar Bharat (Self-reliant India Initiative) package announced on May 13, but for one change – the turnover limit of“medium manufacturing and service units have been further raised to Rs 250 crore, according to an official statement.

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