The government on Monday introduced a Bill in the Lok Sabha to enhance the investment category limits for micro, small and medium enterprises (MSMEs). It also has a provision to empower the Centre to raise these limits up to a ceiling through a notification, without again seeking a Parliament nod.
The investment limits in plant and machinery for micro enterprises is proposed to be raised to Rs 50 lakh, of small enterprises to Rs 10 crore and medium enterprises to Rs 30 crore. The existing limits are Rs 25 lakh, Rs 5 crore and Rs 10 crore, respectively.
The Bill, introduced by MSME Minister Kalraj Mishra, proposed to raise the limits in view of the rise in input costs. It seeks to provide that the Centre can raise these limits uptill thrice the amounts mentioned without going to Parliament.
Last week, the government had dereserved the final lot of 20 items meant for only micro and small enterprises to produce, ending the once-lengthy list in this regard.
