Haryana to have MSME directorate, says Dushyant Chautala

CHANDIGARH: Haryana deputy chief minister Dushyant Chautala said on Sunday that in view of the changed definition of micro, small and medium enterprises (MSME) by the central government, the state government has decided to set up a separate MSME directorate in its industries department
The directorate will provide facilities like issuing all kinds of departmental NOCs and other procedures for setting up enterprises under one roof.
Chautala, who also holds the portfolio of Industries and Commerce Department, said that the MSMEs will be playing an important role in the industrial and economic development of the nation in the future and their financial turnover will also increase.
He said that in the new definition of MSMEs, plant and machinery or equipment in the manufacturing and services sector has been replaced as investment and annual turnover in the revised classification. The limit of investment has also been increased for MSMEs, he added.
He said that earlier for the micro scale enterprises, the limit of investment in the manufacturing sector was up to Rs 25 lakh and in the service sector it was up to Rs 10 lakh, which has been increased to Rs 1 crore in terms of investment and up to Rs 5 crore in terms of annual turnover in the revised classification.
Similarly, for the small scale enterprises, the limit of investment in the manufacturing sector which was earlier up to Rs 5 crore and in the service sector it was up to Rs 2 crore, has been increased up to Rs 10 crore in terms of investment and up to Rs 50 crore in terms of annual turnover.
While the limit of investment for the Medium scale enterprises have been increased up to Rs 20 crore and for annual turnover it has been increased up to Rs 100 crore in the revised classification, which was earlier Rs 10 crore for the manufacturing sector and Rs 5 crore for the service sector.
Chautala said that the services sector along with the agriculture and allied sector and the manufacturing sector plays a significant role in the GDP rate and there has been a large expansion in the service sector in the National Capital Region (NCR) of Haryana, especially in Gurugram. The revenue of the state will definitely increase with the announcement of the Central Government to include the service sector in MSMEs.