Major Changes in Udyam Registration

Major Changes in Udyam Registration (MSME)

Major Changes in Udyam Registration (MSME)

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…
Read More