MSME definition revised through formal notification dated 1-6-2020
The Ministry of Micro, Medium and Small Enterprise issued notification confirming revision in eligibility criteria under MSME scheme. The revised limits are stated below. The same will be applicable effective from 1st July, 2020. Both the conditions of turnover and investment are to be fulfilled. Export turnover is not to be included in total turnover to be considered. Only domestic sale to be considered.
|
Category |
Current Investment Limit (manufacturing) |
Current Investment Limit (service industry |
Revised limit for Investment (both for mfg. & service Ind.) |
Revised Turnover Limit (both for mfg. & service industry) |
|
Micro |
25 lakhs |
10 lakhs |
1 cr. |
5 cr. |
|
Small |
5 cr. |
2 cr. |
10 cr. |
50 cr. |
|
Medium |
10 cr. |
5 cr. |
50 cr. |
250 cr. |
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