New Definition & Classification of Micro, Small and Medium
By A Mystery Man Writer
Description
The Government of India has updated the definition and classification of Micro, Small, and Medium Enterprises (MSMEs), effective from 01.07.2020, basing it on a composite criterion of net turnover and net investment in plant and machinery or equipment, thus encouraging more enterprises to retain their MSME status and promote growth.
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New Definition & Classification of Micro, Small and Medium
![New Definition & Classification of Micro, Small and Medium](https://www.indiabudget.gov.in/economicsurvey/ebook_es2021/files/thumb/658.jpg)
Page 658 - ES 2020-21_Volume-1-2 [28-01-21]
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![New Definition & Classification of Micro, Small and Medium](https://beta.walmartvriddhi.org/wp-content/uploads/2023/05/new-criteria-for-classification.jpg)
The new criteria for classification and registration of Micro, Small
from
per adult (price varies by group size)