Ahmedabad, Sept 15 (KNN) Gujarat Mineral Development Corporation (GMDC) has made MSME status of the business units as the base for customer segmentation.

Lignite lifting capacity of customers was the previous segmentation criteria.

However, financial capability will be considered in revised customer segmentation, reported Business Standard.

For charting of business units to their respective MSME status, Udyam Aadhar certificates have been collected from customers.

As per the nature of MSMEs as ancillary units and its contribution in the socio-economic development of the country they are also complementary to large industries.

To promote the growth and development of MSMEs is the key reason for the new segmentation.

It ensures the existing price range and affording discount to micro industries for facilitating the growth of the Indian economy.  (KNN Bureau)