Economics · Indian Economy

Which of the following statements is NOT true regarding the revised MSME classification criteria introduced in 2020?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The revised definition combines both investment and annual turnover criteria.
2For medium enterprises, the limits were set to ₹75 crore investment and ₹200 crore turnover.✓
3For small units, investment limit was set to ₹10 crore and turnover limit to ₹50 crore.
4For micro units, investment limit was set to ₹1 crore and turnover limit to ₹5 crore.

Correct answer

For medium enterprises, the limits were set to ₹75 crore investment and ₹200 crore turnover.

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