Question
For an enterprise with investment in plant and machinery
or equipment of Rs.9 crore and turnover of Rs.40 crore will be classified as _______ , as per MSME Act. ÂSolution
The definition of micro, small and medium enterprises is as under as per MSMED Act 2006 (amendment 2020): Â
- A micro enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹1 crore and turnover does not exceed ₹5 crore; Â
- A small enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹10 crore and turnover does not exceed ₹50 crore ; and Â
- A medium enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ₹50 crore and turnover does not exceed ₹250 crore. Â
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