Easing compliance for MSMEs: Government updates investment, turnover limits
The Indian government is making life a bit simpler for Micro, Small, and Medium Enterprises (MSMEs) by easing Quality Control Order (QCO) rules.
Now, more businesses will fit the MSME category thanks to updated investment and turnover limits that match the latest Union Budget.
Plus, import shipments stuck over QCO issues might get cleared if they were shipped before the new rules kicked in.
What are the new criteria?
With the new criteria, MSMEs with up to ₹5 crore in turnover (up from ₹2 crore) and investments as low as ₹2 lakh (down from ₹25 lakh) can now access benefits like longer deadlines, lower fees, and fewer testing hassles.
This move affects 773 products—think toys, machinery, steel—that need Bureau of Indian Standards (BIS) certification.
The goal: make compliance smoother so more small businesses can focus on growing instead of paperwork.