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TMI BlogINVESTMENT AND TURNOVER LIMITS FOR CLASSIFICATION OF ALL MSMEs TO BE ENHANCED TO 2.5 AND 2 TIMES RESPECTIVELYX X X X Extracts X X X X X X X X Extracts X X X X ..... INVESTMENT AND TURNOVER LIMITS FOR CLASSIFICATION OF ALL MSMEs TO BE ENHANCED TO 2.5 AND 2 TIMES RESPECTIVELY X X X X Extracts X X X X X X X X Extracts X X X X ..... 0,000 CRORE TO BE SET UP FOR START-UPS A NEW SCHEME TO PROVIDE LOANS UP TO 2 CRORE DURING THE NEXT 5 YEARS FOR 5 LAKH WOMEN, SCHEDULED CASTES AND SCHEDULED TRIBES FIRST-TIME ENTREPRENEURS TO BE LAUNCHED EXPORT PROMOTION MISSION TO FACILITATE EASY ACCESS TO EXPORT CREDIT AND SUPPORT MSMEs TO TACKLE NON-TARIFF MEASURES IN OVERSEAS MARKETS ANNOUNCED The Union Budget 2025-26 sees the next five year ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s as a unique opportunity to realize 'Sabka Vikas', stimulating balanced growth of all regions and achieving the goal of Viksit Bharat. The Union Budget defines MSMEs as one of the powerful engines for the story of development and the proposed development measures supports MSMEs to accelerate growth and secure inclusive development. Revision in classification criteria for MSMEs While presenting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Union Budget 2025-26 in Parliament today, the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said "To help MSMEs achieve higher efficiencies of scale, technological upgradation and better access to capital, the investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times respectively." The details are in Figure 1. She further sai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d that this will give them the confidence to grow and generate employment for our youth. Rs. in Crore Investment Turnover Current Revised Current Revised Micro Enterprises 1 2.5 5 10 Small Enterprises 10 25 50 100 Medium Enterprises 50 125 250 500 (Figure 1) Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman stated that currently, over 1 crore register ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed MSMEs, employing 7.5 crore people, and generating 36 per cent of our manufacturing, have come together to position India as a global manufacturing hub. She also remarked "With their quality products, these MSMEs are responsible for 45 per cent of our exports." Significant enhancement of credit availability with guarantee cover Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sith ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... araman said that to improve access to credit, the credit guarantee cover will be enhanced: a) For Micro and Small Enterprises, from 5 crore to 10 crore, leading to additional credit of 1.5 lakh crore in the next 5 years; b) For Startups, from 10 crore to 20 crore, with the guarantee fee being moderated to 1 per cent for loans in 27 focus sectors important for Atmanirbhar Bharat; and c) For w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ell-run exporter MSMEs, for term loans up to 20 crore. Credit Cards for Micro Enterprises Union Minister Smt. Nirmala Sitharaman announced that customized Credit Cards with a 5 lakh limit for micro enterprises registered on Udyam portal will be introduced. She further remarked that in the first year, 10 lakh such cards will be issued. Fund of Funds for Startups In her Budget speech, Union Mini ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ster for Finance & Corporate Affairs, Smt. Nirmala Sitharaman said, "The Alternate Investment Funds (AIFs) for startups have received commitments of more than 91,000 crore. These are supported by the Fund of Funds set up with a Government contribution of 10,000 crore." She announced that now, a new Fund of Funds, with expanded scope and a fresh contribution of another 10,000 crore will be set up. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Scheme for First-time Entrepreneurs Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman announced that a new scheme will be launched for 5 lakh women, Scheduled Castes and Scheduled Tribes first-time entrepreneurs. She informed that this will provide term loans up to 2 crore during the next 5 years. In her speech she said, "The scheme will incorporate lessons from the success ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ful Stand-Up India scheme. Online capacity building for entrepreneurship and managerial skills will also be organized." Deep Tech Fund of Funds Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman informed that a Deep Tech Fund of Funds will also be explored to catalyze the next generation startups as a part of this initiative. Export Promotion Mission Union Minister for Fin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ance & Corporate Affairs, Smt. Nirmala Sitharaman stated that an Export Promotion Mission, with sectoral and ministerial targets, driven jointly by the Ministries of Commerce, MSME, and Finance will be set up. She also informed that the Mission will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to tackle non-tariff measures in overseas markets. X X X X Extracts X X X X X X X X Extracts X X X X ..... ews - Press release - PIB ..... 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