Amendment to the Micro, Small and Medium Enterprises Development Act, 2006
At its meeting on 07.02.2018 at New Delhi the cabinet approved the proposal for amendment to the Micro, Small and Medium Enterprises Development Act, 2006.
According to the amendment MSME's will now be classified on the basis of their
Annual Turnover.
Classification Annual Turnover
1. Micro Enterprises Less than or equal to Rs. 5 Crore
2. Small Enterprises More than Rs. 5 Crore but Less
than 75 Crore
3. Medium Enterprises More than Rs. 75 Crore but Less
than 250 Crore
At its meeting on 07.02.2018 at New Delhi the cabinet approved the proposal for amendment to the Micro, Small and Medium Enterprises Development Act, 2006.
According to the amendment MSME's will now be classified on the basis of their
Annual Turnover.
Classification Annual Turnover
1. Micro Enterprises Less than or equal to Rs. 5 Crore
2. Small Enterprises More than Rs. 5 Crore but Less
than 75 Crore
3. Medium Enterprises More than Rs. 75 Crore but Less
than 250 Crore
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