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Industry bodies representing micro, small and medium enterprises (MSMEs) and India Inc as a whole on Wednesday lauded the government’s move to provide the sector a new investment-friendly definition, a slew of loans, a massive fund, and the attempt to push the sector towards formalisation.
One of the sectors that have been hit hard by the Covid-19 pandemic, MSMEs have found pride of place in the government’s economic package to deal with the crisis.
In a surprise move, Finance Minister Nirmala Sitharaman on Wednesday announced a change in definition of MSMEs, a proposal that had languished with a parliamentary standing
