This document details the new norms for classifying Micro, Small, and Medium Enterprises (MSMEs) as notified by the Ministry. Key changes include revised investment and turnover ceilings for medium enterprises, with the new definitions coming into effect from 1st July 2020. Importantly, export turnover will no longer be counted, encouraging more MSMEs to engage in international trade. A 'Champions' portal is also highlighted as a support mechanism for MSMEs. This information is crucial for businesses seeking to understand their classification and available benefits.
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