BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As per MSMED Act, 2006, in manufacturing sector a micro enterprises is?
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Investment in plant and machinery in between Rs 25 lakh and Rs 5 Cr.
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Investment in plant and machinery in more than Rs 10 Cr
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Investment in plant and machinery in between Rs 5 Cr and Rs 10 Cr.
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Investment in plant and machinery in less than or equal to Rs 25 Lakh
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Explanation:
Detailed explanation-1: -For medium Enterprises, now it will be Rs. 50 Crore of investment and Rs. 250 Crore of turnover. The existing criterion of definition of MSMEs is based on the MSMED Act, 2006.
Detailed explanation-2: -A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh; A small enterprise is an enterprise where the investment in plant and machinery is more than Rs.
Detailed explanation-3: -The limit of investment on plant and machinery for micro enterprises is 1 crore.
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