Revised investment, turnover criteria from Apr 1 to help MSMEs scale up, boost job creation:Experts

New Delhi, Mar 31 The revised investment and turnover criteria for micro, small and medium enterprises, effective from Tuesday this week, is expected to offer greater opportunities for growth and expansion, resulting in increased job creation, according to experts. Under the revised criteria, the investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times, respectively. Micro, small and medium enterprises with investments up to ₹2.5 crore will now be classified as micro enterprises, from the previous threshold of ₹1 crore. MSMEs with investments up to ₹125 crore will now be classified as medium enterprises, from the earlier limit of ₹50 crore.