New Delhi, Oct 9 (KNN) The MSME Ministry has proposed to enhance the investment limit in plant and machinery for manufacturing up to Rs 50 lakh for micro, Rs 10 crore for small and Rs 30 crore for medium enterprises.

Ministry has proposed to enhance the limit of investment in plant and machinery by way of an amendment to MSMED Act, 2006, the Ministry said in a background note.
 
Meanwhile, for the services sector, the Ministry has proposed to enhance the limit upto Rs 20 lakh for micro, Rs 5 crore for small and Rs 15 crore for medium enterprises.

Micro Small & Medium Enterprises Development (Amendment) Bill, 2015 was introduced in Lok Sabha on April 20, 2015 and the motion for consideration was moved in Lok Sabha on May 13, 2015.
 
The Bill was subsequently referred to Department related Parliamentary Standing committee on Industry on May 21, 2015 for examination. The Bill was laid on the table of the Lok Sabha on 5th August, 2015 by Rajya Sabha Secretariat. (KNN Bureau)