Check Out Notification Regarding Definition Of MSME w.e.f. 01.07.2020

The Government notified vide notification S.O. 1702(E) (CG-DL-E-01062020-219680) dated 01 June 2020 has revised criteria for the classification of Micro, Small and Medium Enterprises with effect from 01.07.2020. The following is the criteria for the classification of micro, small and medium enterprises, namely:—

• A micro-enterprise, where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;

• A small enterprise, where the investment in Plant and Machinery or Equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees;

• A medium enterprise, where the investment in Plant and Machinery or Equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.

Notification Link: http://egazette.nic.in/WriteReadData/2020/219680.pdf