Revised definition of MSME:

  • Category
    Miscellaneous
  • Published
    30th May, 2020
  • Centre has revised the definition of micro, small and medium enterprises to give them the confidence to grow.
  • Under the new definition of MSMEs
    • the distinction between manufacturing and services enterprises has been eliminated.
    • the investment criteria for such enterprises have been revised upwards, while an additional criterion of turnover has been introduced.
      • manufacturing and services enterprises with investments up to Rs 1 crore and turnover up to Rs 5 crore will be classified as micro enterprises.
      • For small enterprises, the investment criteria has been revised upwards to Rs 10 crore, with the turnover criteria of Rs 50 crore added to the mix.
      • Enterprises with investment up to Rs 20 crore and turnover up to Rs 100 crore will be termed medium enterprises.

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