REVISION IN MSMEs (Micro, Small and Medium Enterprises)
Government has changed following things in relation to MSME:
- Definition of MSMEs
- Investment Criteria
- Turnover Criteria
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Existing |
Current |
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Manufacturing Enterprises: -
- For Micro:- Investment in plant & machinery < INR 25 Lakh, but now investment < INR 1 cr. and Turnover < INR 5 cr.
- For Small:- Investment in plant & machinery > INR 25 Lakh< INR 5 cr., but now investment > INR 1 cr. < INR 10 cr. and Turnover > INR 5cr.< INR 50 cr.
- For Medium:- Investment in plant & machinery > INR 5 cr.< INR 10 cr., but now investment > INR 10 cr.< INR 20 cr. and Turnover > INR 50 cr.< INR 100 cr.
Servicing Enterprises: -
- For Micro:- Investment in plant & machinery < INR 10 Lakh, but now investment < INR 1 cr. and Turnover < INR 5 cr.
- For Small:- Investment in plant & machinery > INR 10 Lakh< INR 2 cr., but now investment > INR 1 cr. < INR 10 cr. and Turnover > INR 5 cr.< INR 50 cr.
- For Medium:- Investment in plant & machinery > INR 2 cr.< INR 5 cr., but now investment > INR 10 cr.< INR 20 cr. and Turnover > INR 50 cr.< INR 100 cr.
Here "and" is "or"
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