Multiple choice

Units with investment in plant and machinery beyond 1 crore and upto 10 crores can be classified as 'Medium Enterprises'.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under the MSME (Micro, Small and Medium Enterprises) classification in India, manufacturing enterprises with investment in plant and machinery between 1 crore and 10 crore rupees are categorized as Medium Enterprises. This classification framework helps determine eligibility for various government benefits and priority sector lending. The current definition follows the MSMED Act, 2006.