economics medium MCQ

In the revised definition of Micro, Small, and Medium Enterprises (MSMEs) notified in 2020, what is the maximum investment limit in plant and machinery for a 'Micro' enterprise in the manufacturing sector?

  1. Rs. 1 Crore
  2. Rs. 5 Crore
  3. Rs. 10 Crore
  4. Rs. 25 Crore

Answer: Rs. 1 Crore

The 2020 revision eliminated the distinction between manufacturing and service sectors and significantly hiked the investment and turnover limits. A Micro enterprise is now defined as one where the investment in plant and machinery or equipment does not exceed Rs. 1 Crore, and the annual turnover does not exceed Rs. 5 Crore.

Topic Indian Economy - Industry
Exam Relevance UPSC Prelims, SSC CGL, Banking
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