Definition of MSME will be revised by raising the Investment limit. An additional criteria of turnover also being introduced. The distinction between manufacturing and service sector will also be eliminated.

  • Definition of MSMEs will be revised
  • Investment limit will be revised upwards
  • Additional criteria of turnover also being introduced.
  • Distinction between manufacturing and service sector to be eliminated.
  • Necessary amendments to law will be brought about.

Existing MSME Classification

Criteria : Investment in Plant & Machinery or Equipment
Classification Micro Small Medium
Mfg. Enterprises Investment<Rs. 25 lac Investment<Rs. 5 cr. Investment <Rs. 10 cr.
ServicesEnterprise Investment<Rs. 10 lac Investment< Rs. 2 cr. Investment<Rs. 5 cr.

Revised MSME Classification

  Composite Criteria : Investment And Annual Turnover
Classification Micro Small Medium
Manufacturing & Services Investment< Rs. 1 cr. and

Turnover < Rs.5 cr.

Investment< Rs. 10 cr.and

Turnover < Rs.50 cr.

Investment< Rs. 20 cr.and

Turnover < Rs.100 cr.

Earlier and revised definition of MSMEs

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