New Definition of Micro, Small and Medium Enterprises - Clarification - ਆਰਬੀਆਈ - Reserve Bank of India
New Definition of Micro, Small and Medium Enterprises - Clarification
RBI/2021-2022/161 February 18, 2022 The Chairman/ Managing Director/Chief Executive Officer Dear Sir/Madam, New Definition of Micro, Small and Medium Enterprises - Clarification Please refer to the circular FIDD.MSME & NFS.BC.No.12/06.02.31/2021-22 dated June 25, 2021 on ‘New Definition of Micro, Small and Medium Enterprises’. 2. In this connection, we inform that Government of India, vide their Gazette Notification S.O. 278(E) dated January 19, 2022, has notified amendments in the 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 3 of the said circular would stand 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 March 31, 2022.” 4. Further, it is clarified that the validity of documents obtained in terms of O.M. No.12(4)/ 2017-SME dated March 8, 2017 (RBI Circular FIDD.MSME & NFS.BC.No.10/06.02.31/2017-18 dated July 13, 2017), for classification of MSMEs upto June 30, 2020, are also valid upto March 31, 2022. 5. All other provisions of the circular remain unchanged. Yours faithfully (Sonali Sen Gupta) |