MSME Classification

Ministry of MSME Is set to Implement New Norms of MSME Classification

New definition and criterion notified; will come into effect from 1st July 2020. As part of the new definition, Exports will not be counted in turnover for any enterprises whether micro, small or medium. Detailed guidelines along with other clarifications and regulations being issued separately. Handholding mechanism named "Champions" in place to assist MSMEs.