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Central Government notifies criteria for classification of enterprises as MSME's   Jun 26, 2020

The Central Government has issued a notification dated 26th June, 2020 laying down the criteria for classification of enterprises as MSME's and the procedure for filing memorandum.The new criteria for classification is as follows:


 (i) a micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees; 

 

ii) a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and


 (iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.  


Kindly refer to the notification for further details on:

a.  Composite criteria of investment and turnover for classification.

b. Calculation of investment in plant and machinery or equipment

c. Calculation of turnover.

d. Registration process

e. Registration of existing enterprises

f. Updation of information and transition period in classification

g. Facilitation and grievance redressal of enterprises.


Text of the notification is attached    

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