New Definition of Micro, Small and Medium Enterprises
New Definition of Micro, Small and Medium Enterprises notified by RESERVE BANK OF INDIA dated June 25, 2021
Please refer to the circular FIDD.MSME & NFS.BC.No.4/06.02.31/2020-21 dated August 21, 2020 on ‘New Definition of Micro, Small and Medium Enterprises –clarifications’.
2. In this connection, we inform that Government of India, vide their Gazette Notification S.O. 2347(E) dated June 16, 2021, has notified amendments in paragraph (7) sub-paragraph (3) in the notification of Government of India, Ministry of Micro, Small and Medium Enterprises number S.O. 2119 (E), dated June 26, 2020, published in the Gazette of India.
3. In view of the above amendment, paragraph 2.2 (i) of RBI circular dated August 21, 2020 stands modified as under:
“The existing Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs obtained till June 30, 2020 shall remain valid till December 31, 2021”.
4. All other provisions of the circular remain unchanged.
