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What is Overview of MSME in India about?

MSMEs play an important role in the Indian economy. The government revised the definition of MSMEs in 2020 based on investment and turnover, resulting in more businesses being classified as medium enterprises. During the COVID-19 pandemic, MSMEs faced many challenges including cash flow issues and lack of funding. The government announced various relief measures for MSMEs, including collateral-free loans and debt/equity support.

Author

Vishal Taker

Language

EN