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REVISION IN MSMEs (Micro, Small and Medium Enterprises)

Government has changed following things in relation to MSME:

  1. Definition of MSMEs
  2. Investment Criteria
  3. Turnover Criteria
MSME Definition: Changes in the definition of MSMEs
   

Existing

Current

  1. For MSME, enterprise has to consider investment in Plant & Machinery or Equipment
  1. Now Enterprise has to consider over all investment done by them
  1. No Turnover Criteria
  1. New Turnover Criteria Introduced
  1. Different criteria for manufacturing and service sector
  1. Composite Criteria for both sectors
 

Manufacturing Enterprises: -

  1. For Micro:- Investment in plant & machinery < INR 25 Lakh, but now investment < INR 1 cr. and Turnover < INR 5 cr.
  2. 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.
  3. 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: -

  1. For Micro:- Investment in plant & machinery < INR 10 Lakh, but now investment < INR 1 cr. and Turnover < INR 5 cr.
  2. 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.
  3. 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"


  

Published by

Jasmeen Marwah
(CS CA)
Category Corporate Law   Report

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