India’s micro-enterprises can continue to avail of non-tax benefits for three more years after they have been reclassified in a higher category as small business enterprises, according to an announcement by the MSME Ministry on October 18. It means that even after graduating to become a small business enterprise in terms of achieving a larger turnover or increased investment in plant and machinery, the concerned micro-enterprise is eligible to avail of non-tax benefits for up to three more years after the change in its enterprise status. Non-tax benefits include various schemes of the government, including public procurement policy and delayed payments, among others.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.