BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Investment in equipment in less than or equal to Rs 10 Lakh
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Investment in equipment in between Rs 10 lakh and Rs 2 Cr
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Investment in equipment in between Rs 2 Cr and Rs 5 Cr
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Investment in equipment in more than Rs 5 Cr.
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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: -The classification of Micro, Small and Medium Enterprises is defined under the MSMED Act 2006 amendment dated 01/06/2020. The Micro, Small and Medium Enterprises is based on the Investment in Plant, Machinery or Equipment values (excluding land and building) and Annual Turnover. This shall come into effect from 01.07.
Detailed explanation-3: -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.