Question

Shivani had set up a tiny industrial unit in her village in Andhra Pradesh for manufacturing clothes for kids. Her total investment in sewing and embroidery machinery is about Rs. 5,93,000. She availed the tailoring services of the local people who belong to the weaker sections of society.

State the category into which her tiny industrial unit will be placed as per the Micro, Small and Medium Enterprise Development Act, 2006.

Answer 1

Answer:

micro manufacturing enterprise

Explanation:

because in micro manufacturing enterprise is upto 100000 thats why it is considered in micro manufacturing enterprise

Answer 2

The industrial unit will be placed under Micro Enterprise

• In the year 2006, the MSME Act got enacted to review scheme concerns impacting the enterprises, and the sector's total coverage and investment ceiling.
• The Act aims to help small businesses grow while also increasing their competitiveness.
• Micro is when the investment in plant, machinery, or equipment is less than one crore rupees. ( Revised in the year 2020)
• Since Shivani has invested a sum of only Rs. 5,93,000, thus her enterprise belongs to the micro enterprise.