Multiple choice

The limit for investment in plant and machinery in a manufacturing industry, called a micro enterprise, is

  1. Rs. 25 lakhs

  2. Rs. 50 lakhs

  3. Rs. 1 crore

  4. Rs. 5 lakh
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under the MSME Development Act, a micro enterprise is defined as one where the investment in plant and machinery does not exceed Rs. 25 lakhs. Note that these definitions have been updated in recent years, but this reflects the traditional classification.

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