Micro, Small and Medium Enterprises (MSME)
The Government of India has revised the definition of micro, small and medium enterprises to give them the confidence to grow. Under the new definition, the distinction between manufacturing and services enterprises has been eliminated. Under the new definition of MSMEs, the investment criteria for such enterprises have been revised upwards, while an additional criterion of turnover has been introduced. New definition of MSME, View Notification dated 1.6.2020
Revised Classification of MSMEs applicable w.e.f. 1st July 2020
| Composite Criteria: Investment in Plant & Machinery/equipment and Annual Turnover |
| Classification |
Micro |
Small |
Medium |
| Manufacturing Enterprises and Enterprises rendering Services |
Investment in Plant and Machinery or Equipment: Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 crore |
Investment in Plant and Machinery or Equipment: Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 50 crore |
Investment in Plant and Machinery or Equipment: Not more than Rs.50 crore and Annual Turnover ; not more than Rs. 250 crore |
Initiatives by Ministry of MSME on Covid-19 relief
Institute Publications on MSMEs
MSME Help Desk:
For sending query :msme@icmai.in
| MSME Help Desk online services: |
| Bengaluru Chapter |
Bhubaneswar Chapter |
| Coimbatore Chapter |
|
| Howrah Chapter |
Hyderabad Chapter |
| Kozhikode Malappuram Chapter |
Lucknow Chapter |
| Madurai Chapter |
Noida Chapter |
| Raipur Chapter |
Thrissur Chapter |
Important Link: