The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises. As under a micro enterprise is an enterprise where investment in plant and machinery does not exceed.....?

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

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises. As under a micro enterprise is an enterprise where investment in plant and machinery does not exceed____?

A	Rs. 100 lakh
B	Rs. 15 lakh
C	Rs. 25 lakh
D	Rs. 50 lakh

Explanation:

Detailed explanation-1: -MSME Development Act, 2006-Rules-26 September 2006 | Ministry of Micro, Small & Medium Enterprises.

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: -The Micro, Small and Medium Enterprises Development Act, 2006 aims at facilitating the promotion, development and enhancing the competitiveness of micro, small and medium enterprises and for matters connected therewith or incidental thereto.

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