TIL Desk/National/New Delhi/ Prime Minister Narendra Modi on Wednesday hailed the announcements made by Finance Minister Nirmala Sitharaman to aid the Micro, Small and Medium Enterprises (MSMEs), which have taken a beating during the Covid-19 induced lockdown.
Modi tweeted, “Today’s announcements by FM @nsitharaman will go a long way in addressing issues faced by businesses, especially MSMEs. The steps announced will boost liquidity, empower the entrepreneurs and strengthen their competitive spirit.
He also used the hashtag ‘Atma-nirbhar Bharat Abhiyan’, which is a reference to self-reliant India, something which he vowed to turn the country into during his televised address to the nation on Tuesday night.
Speaking to the media here on Wednesday, Sitharaman announced to widen the definition of MSMEs and raise the investment limit. Another criteria, turnover of the company, has also been added to the required norms for classification of MSMEs.
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