New definition of MSME w.e.f. 1.7.2020 notified

Last updated: 03 June 2020

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This document, a notification from the Ministry of Micro, Small and Medium Enterprises, outlines the new criteria for classifying businesses as micro, small, or medium enterprises. These definitions, which came into effect on 1 July 2020, are based on investment in plant and machinery or equipment, and turnover. It supersedes previous classifications and is crucial for businesses seeking to understand their category and eligibility for various schemes and benefits.

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Notification dated 1.6.2020 notifying new definition of micro, small and medium enterprises under MSMED Act 2006 w.e.f. 1.7.2020 #pdf

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Submitted by P C Agrawal · Posted 03 June 2020 · Other files by P C Agrawal · Report

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