Tag: industrial and service sectors

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Multiple choice social science industrial development in india need and growth of industrialisation secondary sector : industry industrial and service sectors

In order to be classified as a Tiny unit the investment limit in Plant and Machinery is ________

  1. Rs. $1$ lakh
  2. Rs. $5$ lakh
  3. Rs. $10$ lakh
  4. Rs. $100$ lakh
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the MSME Development Act, 2006, the investment limit for a micro enterprise in plant and machinery was originally set at Rs. 25 lakh, but historical context in older textbooks often refers to the 'Tiny' unit classification which had a limit of Rs. 5 lakh.