BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
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As per the new Definition of Micro, Small and Medium Enterprises from 2019 onwards, a Medium Enterprises is?
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Annual turnover is less than Rs.5 cr
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Annual turnover is between Rs. 5 Cr to Rs. 75 cr.
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Annual turnover is between Rs. 75 Cr to Rs. 250 cr.
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Annual turnover more than Rs. 250 cr.
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Explanation:
Detailed explanation-1: -Not more than Rs.10 crore and Annual Turnover; not more than Rs. 50 crore. Investment in Plant and Machinery or Equipment: Not more than Rs.50 crore and Annual Turnover; not more than Rs. 250 crore.
Detailed explanation-2: -10 crores to Rs. 50 crores. Beyond an annual turnover of Rs. 250 crores, an enterprise shall lose its MSME status regardless of the amount of its investment in plants, machineries, and equipment.
Detailed explanation-3: -1. What is the definition of MSME? (iii) A medium enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹50 crore and turnover does not exceed ₹250 crore.
There is 1 question to complete.