Manipur Chief Minister N Biren Singh on Saturday said the enhancement of investment and turnover limits for the classification of MSMEs proposed in the Union Budget will be highly beneficial for the state. He also hailed the zero tax on income up to Rs 12 lakh per annum as a significant step towards alleviating the “financial burdens of hardworking families”.
“The New Classification Criteria for MSMEs will be greatly beneficial to Manipur which has been a major contributor to the MSME business registration among the North East states,” the CM said in a post on X.
