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Micro, Small and Medium Enterprises (MSMEs)
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What is the definition of a Micro, Small and Medium Enterprise (MSME) in India, as per the Micro, Small and Medium Enterprises Development Act, 2006?
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A
An enterprise with an investment in plant and machinery or equipment not exceeding \(\$200,000\)
💡 Explanation:
As per the Micro, Small and Medium Enterprises Development Act, 2006, a Micro, Small and Medium Enterprise (MSME) is defined as an enterprise with an investment in plant and machinery or equipment not exceeding ($200,000).