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The Government of India has updated the definition and classification of Micro, Small, and Medium Enterprises (MSMEs), effective from 01.07.2020, basing it on a composite criterion of net turnover and net investment in plant and machinery or equipment, thus encouraging more enterprises to retain their MSME status and promote growth.
MSME Ready Reckoner
MSME Definition: MSME Turnover Limit & Classification in 2024
Micro Small and Medium Enterprises Compliance
MSME definition widened further to include firms with up to Rs 250
MSMEs New Definition, Turnover Based Classification Introduced
The Existing and revised definition of MSME Former MSME definition
SOLUTION: Image - Studypool
Guidelines for Classifying Micro, Small and Medium Enterprises in
Summary of micro, small and medium enterprise definition in Bangladesh