For the best experience, open
https://m.nenow.in
on your mobile browser.

Manipur to gain big from revised MSME criteria in Union Budget 2025

05:36 PM Feb 01, 2025 IST | Sujata Dubey

Updated At - 05:36 PM Feb 01, 2025 IST

manipur to gain big from revised msme criteria in union budget 2025

In her budget speech, Sitharaman revealed revised criteria for MSMEs, with investment limits for micro-enterprises increasing

Imphal: Manipur, a frontrunner in Micro, Small, and Medium Enterprises (MSME) registrations among northeastern states, is set to benefit significantly from the Indian government's Budget 2025, announced by Union Finance Minister Nirmala Sitharaman on Saturday.

In her budget speech, Sitharaman revealed revised criteria for MSMEs, with investment limits for micro-enterprises increasing from Rs 1 crore to Rs 2.5 crore, and turnover caps rising from Rs 5 crore to Rs 10 crore.

Also Read: Finance Minister Nirmala Sitharaman presents Union Budget 2024

These changes are expected to boost entrepreneurship, local businesses, and trade in Manipur, according to Chief Minister N Biren Singh, who also holds the finance portfolio.

Manipur leads the Northeast in MSME registrations, with 12,458 businesses registered, many of which are spearheaded by women entrepreneurs.

Also Read: Manipur: Two KCP-PWG militants arrested in Imphal

The state’s MSME sector has seen remarkable success in handloom and handicrafts, contributing significantly to employment and economic growth.

While Manipur continues to leverage government schemes to support entrepreneurship, challenges remain in accessing credit facilities and expanding market linkages for broader reach.