Ministry of Micro, Small and Medium Enterprise vide its Notification Notification No. S.O. 2119(E) dated: June 26, 2020 revised classification criteria of MSME with effect from 01st July, 2020.
Link to Notification published in Official Gazette
Summary of MSME Classification Criteria
| Composite Criteria: Investment in Plant & Machinery/equipment and Annual Turnover | |||
| Classification | Micro | Small | Medium |
| Manufacturing Enterprises and Enterprises rendering Services | Investment in Plant and Machinery or Equipment: Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 crore | Investment in Plant and Machinery or Equipment: Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 50 crore | Investment in Plant and Machinery or Equipment: Not more than Rs.50 crore and Annual Turnover ; not more than Rs. 250 crore |
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