Ragni has setup a unit to create various types of fashion jewellery like necklaces earings bracelets that are innovatively desing &based on the latest fashion trends . Her total investment in plant & machinery 7crore under what category will ragini's business be placed as per the micro,small & medium enterprises development (MSMED)act, 2006?
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Answer:
medium enterprises
Explanation:
Because it is not more than 10 crore
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Medium Enterprises.
Ms. Ragni's business unit will come in the category of Medium enterprises as per the Micro, Small & Medium Enterprises Development Act.
In view of the question, Ms. Ragni has set up a unit to create a wide variety of fashion jewelry designed with ingenuity based on the latest fashion trends. His total investment in industry and machinery is ₹7 crores. Since Ms. Ragni's business investment in plant and machinery is more than ₹5 crores but less than ₹10 crores, it will come under medium enterprises.
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