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of <h1>New MSME Classification and Udyam Registration: Investment and Turnover Criteria Explained for Micro, Small, and Medium Enterprises.</h1> The notification from the Ministry of Micro, Small and Medium Enterprises outlines the classification criteria and registration process for MSMEs under the Udyam Registration system, effective from July 1, 2020. Enterprises are classified as micro, small, or medium based on investment and turnover thresholds. Registration is done online through self-declaration, requiring no document uploads, and results in an Udyam Registration Number and Certificate. Existing enterprises must re-register, and all units under the same PAN are collectively assessed. The notification also details the calculation of investment and turnover, registration updates, and grievance redressal mechanisms.
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