Circular regarding New definition of Micro, Small and Medium Enterprises – clarification (18.02.2022) – RBI.

• 21st, February 2022
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Circular regarding New definition of Micro, Small and Medium Enterprises – clarification (18.02.2022) – RBI.

• 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.”
• 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.
• All other provisions of the circular remain unchanged, refer attachment for further details.