Economics · Economy

Consider the following statements with reference to India: 1. According to the revised definitions effective from 2020 under the 'Micro, Small and Medium Enterprises Development (MSMED) Act, 2006', 'medium enterprises' are those with investments in plant and machinery up to Rs. 50 crore and turnover up to Rs. 250 crore. 2. All bank loans to the Micro, Small and Medium Enterprises qualify under the priority sector lending without exception. Which of the statements given above is/are correct?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

Neither 1 nor 2

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