Have you checked the revised eligibility of MSME effected from 1st July 2020

There is a change in Turnover criteria for Medium enterprises. It is increased from 100 crores to 250 crores (old definition)

(i) a micro-enterprise, where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;

(ii) a small enterprise, where the investment in Plant and Machinery or Equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees;

(iii) a medium enterprise, where the investment in Plant and Machinery or Equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.

This notification shall come into effect from 01.07.2020.

Priyansh Minocha

Priyansh Minocha is C.E.O and cofounder at Amonest Consultancy Services and C.E.O and Founder at Casolutionsglobal

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