Govt Notifies New Norms On MSMEs

New Delhi: The government has notified significant revisions to the turnover and investment criteria for classifying MSMEs, which will come into effect from April 1. Micro, Small, and Medium Enterprises (MSMEs) with investments up to Rs2.5 crore will now be classified as micro-enterprises, up from the previous threshold of Rs1 crore.

The turnover limit has also been revised from Rs5 crore to Rs10 crore. Units with investments up to Rs25 crore will be classified as small enterprises, from the earlier Rs10 crore. The turnover limit for such enterprises has been doubled from Rs50 crore to Rs100 crore.