Question

The industries in which 1 crore rupees have been invested in Plant and Machinery, such industries called

Answer 1

Such industries are called Small and medium scale enterprise.

As per the latest classification followed till the enactment of MSMED Act in 2006, a small-scale unit was defined as one with an investment up to Rs 1 crore in plant and machinery, provided it is not owned by or controlled by a subsidiary of any other industrial undertaking

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