MSME Definition : Old vs New
Finance Minister Nirmala Sitharaman today announced that the central government has decided to change the definition of MSMEs (Micro, Small and Medium Enterprises). Existing MSME classification Criteria: Investment in Plant and Machinery or Equipment Classification Micro Small Medium Manufacturing Enterprises Investment less than Rs. 25 lakh Investment less than Rs. 5 Crores Investment less than Rs. 10 Crores…