“Salvation of India lies in cottage and small-scale
industries.”
- Mahatma Gandhi
Small-scale industries, or Micro, Small and Medium
Enterprises (“MSME”) were the key components of
the Gandhian Vision of economy.1 Their vital role
in the attainment of global Sustainable Development Goals (SDGs) is
also recognised by the United Nations2, while declaring
June 27 as MSME day. MSME connotes enterprises within a restricted
monetary bracket of investment and turnover. The Union Budget of
2025 has revised3 the investment and turnover limit
to help MSMEs scale operations and access better resources. Now, an
enterprise with investment of upto Rs.2.5 crore and an annual
turnover of upto Rs.10 crores will be Micro Enterprise;
one where the investment does not exceed Rs.25 crores, and the
annual turnover is upto Rs.100 crores will be Small
Enterprise; and an enterprise with an investment of upto Rs.125
crores and an annual turnover of up to Rs.500 crores, will be
Medium Enterp
