- cspriyamalani
- | Corporate Law - Articles
- 02 Jun 2020
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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. |
- Under the Aatmanirbhar Bharat package, the government has also done away with the distinction of services and manufacturing MSME.
- The turnover criteria for MSME will not include revenue from exports; further providing flexibility to the sector to expand their operations and push overseas sales.
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. |
Tags: MSMED Act
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Name: CS Priya Malani
Qualification: CS
Company: A. G. Industries Private Limited
Location: Delhi, New Delhi, IN
Member Since: 06 Mar 2019 | Total Posts: 11
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