MSME New Definition Applicable w.e.f 01st July 2020 Notified by MSMED

MSME New Definition Applicable w.e.f 01st July 2020 Notified by MSMED

MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISES (MSMED) vide Gazette Id no. CG-DL-E-01062020-219680 and S.O. 1702(E) dated 01st June, 2020 has officially notified criteria for classification of micro, small and medium enterprises, —In exercise of the powers conferred by sub-section (1) read with sub-section (9) of section 7 of the ‘Micro, Small and Medium Enterprises Development Act, 2006, due to which definition criteria has been changed now:

NEW DEFINITIONS – ENTERPRISES

(SHALL COME INTO EFFECT FROM 01.07.2020):

Existing Definition (valid upto 30th June 2020)

Source: http://egazette.nic.in/WriteReadData/2020/219680.pdf

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