Current Affairs · Government Policies and Schemes
According to the official composite criteria classification effective from 2020, which of the following statements is NOT correct regarding the definitions of Micro, Small, and Medium Enterprises (MSMEs) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The investment limit for small enterprises is up to Rs. 10 crore.
- 2The investment limit for medium enterprises is up to Rs. 50 crore.
- 3The turnover limit for medium enterprises is up to Rs. 500 crore.✓
- 4The investment limit for micro enterprises is up to Rs. 1 crore.
Correct answer
The turnover limit for medium enterprises is up to Rs. 500 crore.
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