27
Dec
The Ministry of Micro, Small, and Medium Enterprises (MSME) announced certain criteria for classifying businesses as MSMEs in a Notification dated June 26, 2020. An enterprise is classed as a Micro Enterprise if its investment in plant and machinery or equipment is less than one crore rupees and its annual turnover is less than five crore rupees. Also, Read- udyam registration Small Enterprises are defined as businesses with an investment in plant and machinery or equipment of more than one crore rupees but less than ten crore rupees, and a turnover of more than five crore rupees but less than…