Govt to further revise criteria for classifying ‘medium’ enterprises under MSME definition
Days after changing the definition of MSMEs, the government has decided to further revise the criteria for medium units by enhancing the investment and turnover limits to up to ₹50 crore and ₹200 crore respectively.
- As per the revised definition, any firm with investment up to ₹1 crore and turnover under ₹5 crore will be classified as “micro”.
- A company with investment up to ₹10 crore and turnover up to ₹50 crore will be classified as “small” and a firm with investment up to ₹20 crore and turnover under ₹100 crore will be classified as “medium”.
- The previous criteria for classifying enterprises in the “medium” category was investment up to ₹10 crore and turnover of up to ₹5 crore.