For Quick Alerts
For Daily Alerts

Government Broadens The Definition Of MSME


In her address today, the finance minister changed the definition of MSME. So, what shall be MSMEs henceforth:

Government Broadens The Definition Of MSME

- Investment limit has been revised upwards for micro enterprises from Rs. 25 lakh to now include investment up to Rs. 1 crore.

Also, turnover will now be a criteria for defining MSMEs and its limit has been pegged at Rs. 5 crore.

Businesses with invesetment of up to Rs 20 crore and turnover of up to Rs 100 crore will be classified as medium enterprises while those with investment of up to Rs 10 crore and turnover of up to Rs 50 crore will be termed as small enterprises.

Those with investment less Rs. 5 crore will be classified as Small scale units. And units with investments of up to Rs. 10 crore will come under the Medium category.

Read more about: msme investment coronavirus
Story first published: Wednesday, May 13, 2020, 16:59 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more