https://www.taxtmi.com/news?id=22862 The government expanded MSME classification by raising investment and turnover ceilings and excluded export turnover from threshold calculations, increasing the number of firms eligible for MSME status. It approved subordinate debt to provide equity support for distressed MSMEs and authorised a Fund of Funds to infuse equity for capacity augmentation and listing opportunities. Complementary measures include a launched collateral-free automatic credit scheme, procurement rule amendments to prefer domestic suppliers within a procurement ceiling, directives for prompt government payments, and an ICT portal to assist implementation. en-us Mon, 01 Jun 2020 18:45:51 +0530 Mon, 01 Jun 2020 18:45:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22862 The government expanded MSME classification by raising investment and turnover ceilings and excluded export turnover from threshold calculations, increasing the number of firms eligible for MSME status. It approved subordinate debt to provide equity support for distressed MSMEs and authorised a Fund of Funds to infuse equity for capacity augmentation and listing opportunities. Complementary measures include a launched collateral-free automatic credit scheme, procurement rule amendments to prefer domestic suppliers within a procurement ceiling, directives for prompt government payments, and an ICT portal to assist implementation. News - Mon, 01 Jun 2020 18:45:51 +0530 https://www.taxtmi.com/news?id=22862