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<h1>New MSME Classification: Investment & Turnover Criteria, Udyam Registration Process, and Role of Single Window Systems.</h1> The notification issued by the Ministry of Micro, Small, and Medium Enterprises outlines the criteria for classifying enterprises as micro, small, or medium under the Micro, Small and Medium Enterprises Development Act, 2006. Effective from July 1, 2020, enterprises are classified based on investment and turnover thresholds. The notification introduces the Udyam Registration process, requiring online registration without document uploads, and assigns a permanent Udyam Registration Number. It mandates re-registration for existing enterprises and specifies procedures for updating information and handling grievances. The notification also details the role of Single Window Systems for facilitating the registration process and addressing discrepancies.