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Showing posts with label MSME: Then & Now. Show all posts
Showing posts with label MSME: Then & Now. Show all posts

Sunday, June 28, 2020

June 28, 2020

MSME Classification: Then and Now (w.e.f. 01.07.2020)


During the time of COVID-19 Pandemic, Ministry of Finance, Government of India has announced various relief measures on 13th May 2020 to overcome the impact of Corona on Indian Economy. One of the important measure was to change the classification and definition of MSME. Now both service sector and manufacturing sector has been clubbed and a composite criteria has been released. This new criteria will come to effect from 1st July 2020.