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NEW CRITERIA FOR MICRO, SMALL AND MEDIUM ENTERPRISES

4 Jul    Miscellaneous
Jul 4

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