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Revised MSME classification with effect from 01.07.2020 |
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Criteria: Investment and Annual Turnover |
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Classification |
Micro |
Small |
Medium |
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Manufacturing & Service Enterprises |
Investment not more than Rs. 1 Cr. & turnover not more than Rs 5 Cr. |
Investment not more than Rs 10 Cr. & Turnover not more than Rs 50 Cr. |
Investment not more than Rs 50 Cr. & Turnover not more than Rs 250 Cr. |
As per the notification issued by the ministry of micro small-medium enterprises on 26 thJune 2020, all enterprises are required to register online and obtain ‘Udyam Registration Certificate’ for establishing their MSME status / classification.
Kindly ensure registration of your business enterprise in the Udyam portal for availing / claiming benefits extended by the Govt / RBI to MSME sector.
For more details and registration visit https://udyamregistration.gov.in. The process is very simple and free of charges.
