MSME
Definition
The
classification of Micro, Small and Medium Enterprises is defined under the MSME
Development Act 2006 amendment dated 01.06.2020. The Micro, Small and Medium
Enterprises is based on the Investment
in Plant , Machinery or Equipment values (excluding land and building) and
Annual Turnover.This has come into
effect from 01.07.2020.
Micro
Enterprise: Where the investment in Plant and Machinery or Equipment does not
exceed one rupees and turnover does not exceed
five rupees.
Small
Enterprise: Where the investment in Plant and Machinery or Equipment does not
exceed ten crore rupees and turnover does not exceed fifty crore
rupees.
Medium Enterprises:
Where the investment in Plant and Machinery or Equipment does not exceed fifty crore rupees and turnover
does not exceed two hundred and fifty crore rupees.
|
Revised MSME
CLASSIFICATION as per MSME ACT 2006 w.e.f.
01.07.2020 |
|||
|
Composite
Criteria: investment In PLANT & MACHINERY/EQUIPMENT And ANNUAL TURNOVER |
|||
|
CLASSIFICATION |
MICRO
ENTERPRISES |
SMALL
ENTERPRISES |
MEDIUM ENTERPRISES |
|
MANUFACTURING
ENTERPRISES AND SERVICES ENTERPRISES |
Investment
in Plant and Machinery or Equipment: Not more than Rs.1 Crore
& Turnover:
Not more than Rs.5 Crore |
Investment
in Plant and Machinery or Equipment: Not more than Rs.10 Crore & Turnover:
Not more than Rs.50 Crore |
Investment
in Plant and Machinery or Equipment: Not more than Rs.50 Crore &
Turnover:
Not more than Rs.250 Crore |
New Definition of MSME, View Notification Here