MSME – CLASSIFICATION
The classification of Micro, Small and Medium Enterprises is defined under the MSMED 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 shall come into effect from 01.07.2020.
(a.) Micro Enterprise: Where the investment in Plant and Machinery or
Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees.
(b.) 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.
(c.) 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.
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Revised MSME CLASSIFICATION as per MSME ACT 2006 w.e.f. 01/07/2020 |
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Composite Criteria: INVESTMENT In PLANT & MACHINERY / EQUIPMENT And ANNUAL TURNOVER |
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CLASSIFICATION |
MICRO ENTERPRISES |
SMALL ENTERPRISES |
MEDIUM ENTERPRISES |
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MANUFACTURING ENTERPRISES AND SERVICES ENTERPRISES |
Investment in Plant and Machinery or Equipment: Not more than Rs. 1 Crore & |
Investment in Plant and Machinery or Equipment: Not more than Rs.10 crore & |
Investment in Plant and Machinery or Equipment: Not more than Rs.50 Crore & |
