According to Micro small medium enterprise development Act-2006 (MSME Act-2006) investment limit for micro enterprise in manufacturing sector is

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

According to “Micro small medium enterprise development Act-2006 (MSME Act-2006)” investment limit for micro enterprise in manufacturing sector is

A	Less than Rs. 10 lakh
B	Less than Rs. 25 lakh
C	Rs. 50 lakh
D	Rs. 20 crore

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: -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: -An enterprise is considered “small”, for an annual turnover ranging between Rs. 5 crores to Rs 50 crores and its net investments in plants, machinery, and equipment ranges between Rs. 1 crores to Rs. 10 crores.

Detailed explanation-4: -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.

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