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What is MSME Classification and Benefits Explained about?
The MSME sector was established in 2006 to promote the competitiveness of micro, small and medium enterprises. Enterprises are classified based on their investment in plant and machinery or annual turnover. Previously only investment was considered but now both investment and turnover criteria can be used. The definition has been changed several times, with the latest change in June 2020 defining micro, small and medium enterprises based on their investment in plant and machinery and annual turnover. Regist
- Author
- ISU MITTAL
- Language
- EN