INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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2006
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2007
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2008
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2009
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Detailed explanation-1: -MSME Definition This shall come into effect from 01.07. 2020. Micro Enterprise: Where the investment in Plant and Machinery or Equipment does not exceed one crore rupees and turnover does not exceed five crore rupees.
Detailed explanation-2: -(b) Second, Section 16 provides that in case of failure to make the payment towards the goods or services provided by a supplier before the appointed day, the buyer is required to pay compound interest with monthly rests on the due amount at three times of the bank rate notified by Reserve Bank of India.
Detailed explanation-3: -On 9 May 2007, subsequent to an amendment of the Government of India (Allocation of Business) Rules, 1961, erestwhile Ministry of Small Scale Industries and the Ministry of Agro and Rural Industries were merged to form the Ministry of Micro, Small and Medium Enterprises (M/o MSME).