This document is a Ministry of Micro, Small and Medium Enterprises (MSME) notification from 1st June 2020, which outlines updated criteria for classifying businesses as micro, small, or medium enterprises. It specifies new investment and turnover thresholds that came into effect from 1st July 2020. The notification also introduces the 'Udyam Registration' process, simplifying registration with self-declaration and no fees. This is essential reading for any business owner or aspiring entrepreneur needing to understand their classification and registration requirements.