Revised MSME definition explained; expert analysis by Sanjay Aggarwal, Sr.VP, PHDCCI
The much-awaited change in the definition of the 6 crore micro, small and medium enterprises who are referred as the backbone of the Indian economy with maximum employment generation was made this year.
While delivering the economic package, part of the aatmanirbhar Bharat Abhiyaan, Finance minister, Nirmala Sitharaman announced revisions. With investment and turnover linked to the revised MSME definition, the new definition has been creating confusion in the minds of the MSME business owners.
Lets understand the benefits and challenges of the new MSME definition in the video which would in turn give clarity to the MSMEs about the revised definition. Expert video analysis on the revised MSME definition by Mr. Sanjay Aggarwal, Senior Vice President, PHD Chamber of Commerce and Industry.