A special framework for MSME has been on cards for some time. According to the Economic Survey there are 6 crore MSMEs employing 11 crore people contributing 30% to the GDP.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/budget-2021-2022-bad-bank-for-large-corporates-and-a-new-framework-for-msmes/articleshow/80626772.cms
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