The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, defines enterprises based on investment limits. For micro-enterprises, the limits are: - Manufacturing Enterprises: Investment in plant and machinery not exceeding ₹25 lakh. - Service Enterprises: Investment in equipment not exceeding ₹10 lakh. The question asks for the investment limit, and among the given options, ₹10 lakhs is one of the specified limits for micro- enterprises (specifically for service enterprises). ₹25 lakhs is not an option, and ₹2 lakhs or ₹5 lakhs are not the defined upper limits for micro-enterprises under the 2006 Act.
Investment limit for micro-enterprises, provided for in the Act passed in 2006 is
Asked in UPPSC Upper Mains 2011 · Topic: Industrial Sector (Micro, Small and Medium Enterprises (MSMEs) Sector: Importance, Challenges, and Government Initiatives)
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