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Centre raises MSP of 17 kharif crops; further revises MSME definition

Medium units' turnover limit hiked to Rs 250 crore

Real-time price, demand forecast for select crops from next kharif season
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The Cabinet also approved the Rs 20,000 crore subordinate debt announced for two lakh MSMEs which are NPA or are stressed

Subhayan ChakrabortySanjeeb Mukherjee New Delhi
The Cabinet Committee on Economic Affairs (CCEA) on Monday approved reclassification of medium scale companies as those with Rs 50 crore as investments and Rs 250 crore as turnover, up from Rs 20 crore and Rs 100 crore, respectively.
 
This comes weeks after Union Finance Minister Nirmala Sitharaman expanded the definition of medium, small manufacturing enterprises (MSMEs) while announcing the Rs 20-trillion Atmanirbhar Bharat package.
 
The government also raised the minimum support price (MSP) of 17 kharif crops in the range of 2-7.5 per cent year-on-year on the day India got its first monsoon shower. The increase in

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