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:

Author Bio

More Under Corporate Law

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

March 2021
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031