Economics · MSME Sector

Consider the following statements regarding MSME classification under the revised MSME criteria (2020): 1. The classification is based on both investment in plant & machinery/equipment and annual turnover. 2. Manufacturing and service enterprises have separate classification criteria. 3. A Micro enterprise can have turnover up to ₹5 crore. Which of the above statements are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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1 and 3 only

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