Identify the enterprise when the investment in its plant and machinery and equipment are above ₹5 crore and up to ₹10 crores in manufacturing enterprise.
Answers
Answer:
Correct option is D)
Micro, Small and Medium enterprises act, 2005 defines the micro, small and medium enterprises on the basis of the investment in the fixed assets. Hence, service sector enterprise to come under the preview of micro enterprise ,the total investment in plant and machinery should not be more than Rs. 10 lakhs.
Answer:
n terms of Government of India Gazette Notification S.O. 2119 (E) dated June 26, 2020 the definition of micro, small and medium enterprises is as under:
(i) 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;
(ii) 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
(iii) 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.
Explanation: