SSC MTS EXAM

Detailed explanation-1: -As per this announcement, the definition of Micro manufacturing and services units was increased to Rs. 1 Crore of investment and Rs. 5 Crore of turnover. The limit of small unit was increased to Rs. 10 Crore of investment and Rs 50 Crore of turnover.

Detailed explanation-2: -A ‘small-scale industry’ is defined with reference to the maximum investment allowed on the assets of a unit. This limit has changed over a period of time. In 1950 a small-scale industrial unit was one that invested a maximum of rupees five lakh.

Detailed explanation-3: -Tiny enterprises were first defined in 1997 as one with an investment in plant and machinery upto Rs. One lac and located in rural areas of in urban areas with population of less than 0.50 lac as par the 1971 Census. The limit was enhanced to Rs. 2 lacs in 1980.