Entities with upto Rs.250 cr turnover, excluding exports,
to be medium enterprises
Further widening the definition of Micro, Small & Medium Enterprises (MSME), the Union Cabinet announced that entities with turnover upto Rs.250 crore or investment upto Rs.50 crore will qualify as medium enterprises. Also, the turnover criteria for MSME will not include revenue from exports further providing flexibility to the sector to expand their operations and push overseas sales.
Please find attached copy of Notification dated 1st June, 2020 for your kind perusal and necessary action.
Thanks & with regards!
Hon. Secretary – VIA
Encl : Copy of Notification
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