MSME CLASIFICATION TURNOVER BASED

[khushwant singh]

WHEN DID THE CABINET APPROVE THE MSME CLASSIFICATION / LIMIT TO TURNOVER BASE INSTEAD OF INVESTMENT. WHEN DID THE SAME BECAME THE LAW

[KASTURI SETHI]

In 2015, the government has introduced an amendment bill to change the limit in all categories and it was adopted in February 2018. Full details are given in this site:

See. link https://www.indianeconomy.net/splclassroom/new-classification-msmes/

AI Summary

Cabinet Approved MSME Classification by Turnover in 2018 Following 2015 Amendment Bill Introduction A query was raised regarding when the cabinet approved the classification of Micro, Small, and Medium Enterprises (MSMEs) based on turnover instead of investment. The response indicated that an amendment bill was introduced by the government in 2015 and adopted in February 2018. Further details were suggested to be available on an external site.