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Ministry of MSME issues criteria of investment and turnover calculation for classification under new definition of MSME

Ministry of Micro, Small and Medium enterprises vide notification dated 26th June, 2020 notifies certain criteria for classifying the enterprises as micro, small and medium enterprises, manner of calculation of Investment and Turnover and specifies the form and procedure for filing the Udyam Registration with effect from the 1st day of July, 2020.

The complete information with respect to calculation, Registration process has been provided under following heads:

  1. Classification of Enterprises
  2. Becoming a Micro, Small or Medium Enterprise
  3. Composite criteria of investment and turnover for classification
  4. Calculation of investment in Plant and Machinery or Equipment
  5. Calculation of turnover
  6. Registration process
  7. Registration of existing Enterprises
  8. Updation of information and transition period in classification
  9. Facilitation and grievance redressal of Enterprises

The complete notification is attached herewith:

IndianGazzate_MSME

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