New Definition of MSME
Revised Classification of MSME applicable w.e.f 1st July 2020
Composite Criteria: Investment in Plant & Machinery/equipment and Annual Turnover
Manufacturing Enterprises and Enterprises rendering Services
CRITERIA/ CLASSIFICATION | MICRO | SMALL | MEDIUM |
Investment in Plant & Machinery or Equipment | Not more than Rs.1 crore | Not more than Rs.10 crore | Not more than Rs.50 crore |
Annual Turnover | Not more than Rs.5 crore | Not more than Rs.50 crore | Not more than Rs.250 crore |
For detail refer to MSME Notification No.