New MSME Classification Criteria
According to the notification dated 26th June 2020, the new criteria for classifying the enterprises as Micro, Small and Medium enterprises has come into effect from July 1st, 2020.
| Classification | Investment (Plant & Machinery) | Annual Turnover |
|---|---|---|
| Micro | Not more than ₹1 Crore | Not more than ₹5 Crore |
| Small | Not more than ₹10 Crore | Not more than ₹50 Crore |
| Medium | Not more than ₹50 Crore | Not more than ₹250 Crore |
* Exports of goods or services or both shall be excluded while calculating the turnover.