The Central Government has vide notification dated June 01, 2020, notified the following criteria for classification of micro, small and medium enterprises which shall be effective from July 01, 2020:
Particulars | Investment In Plant & Machinery Or Equipment | Turnover |
Micro enterprise | does not exceed
Rs. 1Cr. |
does not exceed
Rs. 5 Cr. |
Small enterprise | does not exceed
Rs. 10 Cr. |
does not exceed
Rs. 50 Cr. |
Medium enterprise | does not exceed
Rs. 50 Cr. |
does not exceed
Rs. 250 Cr. |
OLD DEFINITION:
PARTICULARS | MICRO | SMALL | MEDIUM |
Investment In Plant & Machinery Or Equipment | |||
Mfg. Enterprises | Investment does not exceed
Rs. 25 Lac |
Investment is more than Rs. 25 Lac but does not exceed
Rs. 5 Cr. |
Investment is more than Rs. 5 Cr. but does not exceed
Rs. 10Cr |
Service Enterprises | Investment does not exceed
Rs. 10 Lac |
Investment is more than Rs. 10 Lac but does not exceed
Rs. 2 Cr. |
Investment is more than Rs. 2 Cr but does not exceed Rs. 5 Cr. |