The Government of India has further revised the MSME definition to tune with market and pricing conditions. The fresh limits prescribed are as follows:
For Micromanufacturing and services units: Rs. 1 crore of investment and Rs. 5 crores of turnover
Small manufacturing and services units: Rs. 10 crores of investment and Rs 50 crore of turnover
For medium manufacturing and service units: Rs. 50 crore of investment and Rs. 250 crore of turnover
It has also been decided that the turnover with respect to exports will not be counted in the limits of turnover for any category of MSME units.
Effective date: July 01, 2020