The revised criteria for being classified as MSME was laid down vide Notification No. S.O.1702(E) dated 1.06.2020. The same has been in effect since 1.07.2020.
The aforementioned notification classifies enterprises as MSMEs based on the following two parameters:
1) Investment in Plant & Machinery, and
2) Annual Turnover.
The current position in terms of classification as MSME, based on the above notification, has been provided below for reference purpose.