Now the revised definition of MSMEs introduced recently removed the distinction between manufacturing and services. This means a micro firm is one with investment up to Rs 1 crore and turnover less than Rs 5 crore, the small firm has investment up to Rs 10 crore and turnover up to Rs 50 crore and the medium-firm will be one with an investment of up to Rs 20 crore and turnover under Rs 100 crore. This new changes not only help a startup or the already functioning business to grow but it also helps them gain more benefits. Documents Required for MSME Loan Duly filled Application form Identity Proof: Passport, driving licence, PAN card, Voter's identity card Residence Proof: Passport, lease agreement, trade license, telephone and electricity bills, ration card and sales tax certificate Age Proof: Passport, Voter's identity card, Photo PAN card Also Read | FTCCI welcomes FM's announcements for MSMEs Financial Documents Last 12 months' bank statement Business registration proof Proprietor(s) PAN Card Copy Partnership deed copy Company PAN card copy P&L and balance sheet copy of last 2 years Sales tax documents Municipal tax document How to apply for an MSME loan online' Go to https://lnkd.in/g4n6qUC #makeinindia #uselocal #madebybharat #bebillionclub #msme #growwithus https://www.instagram.com/p/CAM3bWApzi9/?igshid=s9p0k3kxlocu
