Economy, asked by neilmanishaw, 2 months ago

2. As per the Micro, Small and Medium Enterprises Development Act of 2006, enterprises with the capital investment (plant, machinery and equipment) levels within 10 crore and services worth qualify as MSMEs.

Answers

Answered by TNMohammadUwaes

Answer:

MSME stands for micro, small and medium enterprises, and these are the backbone of our country and are an engine of economic growth, promoting equitable development for all. To support and promote MSMEs, the Government of India, through various subsidies, schemes, and incentives, promote MSMEs through the MSMED Act.

Explanation:

According to the Micro, Small & Medium Enterprises Development Act, 2006, MSMEs can be recognized under the manufacturing sectors if: The investment doesn't exceed INR 25,00,000 in the case of Micro Enterprises. The investment exceeds INR 25,00,000 but doesn't exceed INR 5,00,00,000 in the case of Small Enterprises.

Previous Question

Next Question

2. As per the Micro, Small and Medium Enterprises Development Act of 2006, enterprises with the capital investment (plant, machinery and equipment) levels within 10 crore and services worth qualify as MSMEs.​

Answers

2. As per the Micro, Small and Medium Enterprises Development Act of 2006, enterprises with the capital investment (plant, machinery and equipment) levels within 10 crore and services worth qualify as MSMEs.