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Govt. notifies new criteria for classification of MSMEs

July 2, 2020
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Govt. has notified new criteria for classification of MSMEs. The notification will be effective from July 01, 2020. As per new criteria, a micro enterprise is where investment in plant and machinery or equipment doesn’t exceed Rs. 1 crore and turn over doesn’t exceed 5 Crores. Small enterprise is where investment in plant and machinery doesn’t exceed 10 cr. And turnover doesn’t exceed 50 cr and Medium enterprise where investment doesn’t exceed 50 cr and turnover doesn’t exceed 250 Cr.
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