NEW CRITERIA FOR MICRO, SMALL AND MEDIUM ENTERPRISES
The Central Government vide notification in the Official Gazette makes the following amendment in section 7(1) of the ‘Micro, Small and Medium Enterprise Development Act, 2006’ specifying the criteria for classification of micro, small and medium enterprises
| Enterprise | Investment in Plant and Machinery not exceeding Rs. | Turnover not exceeding Rs. |
| Micro Enterprise | 1 Crore | 5 Crore |
| Small Enterprise | 10 Crore | 50 Crore |
| Medium Enterprise | 50 Crore | 250 Crore |