INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Up to 10 Lacs
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10 Lacs-2 Crores
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2 Crores-5 Crores
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None of the above
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Detailed explanation-1: -A small scale industrial enterprise should have investment of more than 25 lakhs and less than 10 crore in plant and machinery in the case of manufacturing unit. In the case of service sector the minimum amount of investment is 10 lakhs and maximum of 5 crore in plant and machinery.
Detailed explanation-2: -The limit of small unit was increased to Rs. 10 Crore of investment and Rs 50 Crore of turnover.
Detailed explanation-3: -A small scale industrial enterprise should have investment of more than 25 lakhs and less than 10 crore in plant and machinery in the case of manufacturing unit. In the case of service sector the minimum amount of investment is 10 lakhs and maximum of 5 crore in plant and machinery.
Detailed explanation-4: -For Manufacturing Units for Goods: Investment in plant and machinery must be between 25 lakhs and five crores. For Service Providers: Investment in machinery must be between 10 lakhs and two crores.