Economics · Industry and Infrastructure
Consider the following statements regarding the features of Micro, Small and Medium Enterprises (MSMEs) in India according to the revised definition brought into effect from July 2020: (A) A revised composite criterion definition of MSMEs was implemented in July 2020. (B) Under this revised definition, the turnover limit varies significantly between service and manufacturing enterprises. (C) In the revised definition, the turnover limit for small enterprises is set at ₹50 crore. (D) Under this definition, the investment limit in plant and machinery or equipment for medium enterprises is set at ₹50 crore. (E) In the revised definition, the investment limit for plant and machinery or equipment for medium enterprises is set at ₹5 crore. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A), (B), and (C) only
- 2(A), (C), and (D) only✓
- 3(D) and (E) only
- 4(A), (B), and (D) only
Correct answer
(A), (C), and (D) only
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