This document provides an update on Micro, Small, and Medium Enterprises (MSMEs) in India. It announces the inclusion of Retail and Wholesale Trades as MSMEs and details the new composite criteria for classification. The update also covers the launch of the Credit Guarantee Scheme (CGS) and various other government initiatives aimed at supporting MSMEs, especially in light of the COVID-19 pandemic. It's useful for business owners and entrepreneurs looking to understand new classifications and available support.