The classification of Micro, Small and Medium Enterprises is defined under the MSMED Act 2006. The Government of India has revised the classification of Micro, Small and Medium Enterprises as follows::
Revised MSME Classification * |
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Composite Criteria : Investment and Annual Turnover |
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Classification |
Micro |
Small |
Medium |
Manufacturing & Services |
Investment<Rs.1 cr. and Turnover<Rs.5cr. |
Investment |
Investment |
For detailed notification, please peruse the Ministry of MSME notification S.O.2119(E) dated.26.06.2020