by In terms of Government of India Gazette Notification dated June 26, 2020 the definition of MSME – Micro, Small and Medium enterprises is as under:
Micro enterprise
(i) A micro enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹1 crore and turnover does not exceed ₹5 crore;
Small Enterprise
(ii) A small enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹10 crore and turnover does not exceed ₹50 crore; and
Medium Enterprise
(iii) A medium enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹50 crore and turnover does not exceed ₹250 crore.
More Questions – What is the meaning Debt to Equity Ratio?
All enterprises are required to register online on Udyam Registration Portal and obtain ‘Udyam Registration Certificate’.