New criteria for the classification of MSME

[Updated up to December 28, 2023, in terms of RBI circular dated 28.12.2023] On December 28, 2023, RBI issued a circular in respect of MSMEs amending certain earlier guidelines. Previously, on July 27, 2021, RBI notified to include Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector Lending and they would … Continue reading New criteria for the classification of MSME