As per the revised classification of Micro, Small, and Medium Enterprises (MSME) effective from July 1, 2020, an enterprise is classified based on a composite criterion of investment in Plant and Machinery/Equipment AND annual turnover. For a Micro Enterprise: - Investment in Plant and Machinery or Equipment: Not more than ₹1 crore. - Annual Turnover: Not more than ₹5 crore. Option D states "Investment in Plant and Machinery or equipment not more than ₹ 1 crore", which is precisely one of the two conditions used to define a micro-enterprise.
Which of the following partly defines the micro-enterprise in India?
Asked in BPSC Prelims Exam 67th Re Exam · Topic: Industrial Sector (Micro, Small and Medium Enterprises (MSMEs) Sector: Importance, Challenges, and Government Initiatives)
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Answer: D. Investment in Plant and Machinery or equip‐ ment not more than ₹ 1 crore
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