Question

Which of the following is correct about the “Transition Buffer”?

• A. MSMEs lose all benefits immediately after crossing limits
• B. MSMEs retain benefits for 3 years after crossing limits
• C. Only Micro enterprises get the buffer
• D. Benefits continue indefinitely

Answer 1

Answer:

B. MSMEs retain benefits for 3 years after crossing limits

MSMEs can retain government benefits like collateral-free loans, tax reliefs, and credit cards for 3 years after crossing the classification limit. This gives time for adjustment.