Boost for MSMEs in Modi Cabinet decisions today
An important meeting between Modi and the Cabinet was held on Monday, the first day of Unlock 1. Many important decisions were taken
New Delhi: An important meeting between Modi and the Cabinet was held on Monday, the first day of Unlock 1. Many important decisions were taken by the government in this meeting. The Cabinet meeting was chaired by Prime Minister Narendra Modi.
Looking at Covid, many announcements have been made for this sector. A number of announcements have been made for its effective implementation. In the meeting Javadekar said that the limit of MSME has been increased from 25 lakhs to 1 crore. The Government of India has revised the definition of MSME.
The turnover limit of MSMEs has been increased to Rs 5 crore. The decisions taken in today's meeting will help boost employment. More than 60 million MSMEs have a significant role to play in the country. The government has taken big decisions so that the people can do their job properly.
In the meeting, Union Minister Narendra Singh Tomar said that the MSP has been increased. This is a big announcement by the government for the farmers. Tomar said that there are 14 crops in which farmers would be given 50 to 83 percent higher support price.