Change in the definition of MSME

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Last updated: 22 May 2020
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This document explains the recent amendment to the definition of Micro, Small, and Medium Enterprises (MSME) in India, effective from May 13, 2020. The key change involves incorporating annual turnover as an additional criterion alongside investment for classifying businesses. This update aims to refine the business landscape, encourage growth, and support the 'Atmanirbhar Bharat Mission'. It provides a clear breakdown of the pre- and post-amendment classifications for micro, small, and medium enterprises, making it a vital resource for any Indian business owner or stakeholder.

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Submitted by · Posted 22 May 2020 · Other files by Vikram Sirohi · Report
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