Explanation:

Recently, Union Cabinet gave nod to historical decisions aimed at helping the Micro, Small and Medium Enterprises (MSMEs). The Cabinet has further revised the definition of MSMEs, a decision which will lead to inclusion of many industrial units under it's ambit. Cabinet has decided to further increase the limit for medium manufacturing and service units. Now it will be Rs. 50 crore of investment and Rs. 250 crore of turnover. All export turnovers of such enterprises will also remain exempted from the total turnover. Cabinet has also approved distressed MSME fund of 20 thousand crore for extending helping hand to the enterprises in distress. Proposal for equity infusion of Rs. 50,000 crores for MSMEs through fund of funds has also been approved. This will establish a framework to help MSMEs in managing the debt-equity ratio and in their capacity augmentation. This will also provide an opportunity to get listed in stock exchanges. Hence both statements are correct.