Economics · Economy
Under the revised composite criteria for the classification of MSMEs, which of the following statements is incorrect?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An enterprise with an investment up to Rs 1 crore and turnover up to Rs 5 crore is classified as a Micro enterprise.
- 2An enterprise is considered Small if its investment is between Rs 5 crore and Rs 10 crore, regardless of its turnover.✓
- 3An enterprise with an investment up to Rs 50 crore and turnover up to Rs 250 crore is classified as a Medium enterprise.
- 4Both investment in plant and machinery/equipment and annual turnover are considered simultaneously for classification.
Correct answer
An enterprise is considered Small if its investment is between Rs 5 crore and Rs 10 crore, regardless of its turnover.
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