Revised definition of MSME:

Centre has revised the definition of micro, small and medium enterprises to give them the confidence to grow.

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.