‘Why is medium a part of MSME definition?’: As inflation pushes small firms to medium, incentives run dry

Who wouldn’t like a promotion, right? Wrong. Bhavaya Chawla doesn’t. The Director of Jairaj Ancillaries is crestfallen that his Faridabad-based auto component manufacturing firm ascended the classification from small to medium category at the end of March.

Chawla is annoyed that the reclassification kicked in automatically not because of any growth in operations of the enterprise, but because the firm’s turnover crossed Rs 50 crore primarily