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Question
According to Section 7 of Micro, Small and Medium Enterprises Development Act, 2006, in the case of industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 where investment in plant & machinery does more than Rs 5 crores but does not exceed Rs 10 crores are classified as ____________.
According to Section 7 of Micro, Small and Medium Enterprises Development Act, 2006, in the case of industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 where investment in plant & machinery does more than Rs 5 crores but does not exceed Rs 10 crores are classified as ____________.
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Solution
The correct option is D medium enterprise
According
to Section 7 of Micro, Small and Medium Enterprises Development Act,
2006, in the case of industry specified in the First Schedule to the
Industries (Development and Regulation) Act, 1951 where investment in
plant & machinery does more than Rs 5 crores but does not exceed Rs
10 crores are classified as medium enterprise.
Medium enterprise generally employ about 100-999 number of employees. It pays an important role in the global economy. It is responsible for increasing the GDP at a greater rate.
According
to Section 7 of Micro, Small and Medium Enterprises Development Act,
2006, in the case of industry specified in the First Schedule to the
Industries (Development and Regulation) Act, 1951 where investment in
plant & machinery does more than Rs 5 crores but does not exceed Rs
10 crores are classified as medium enterprise.
Medium enterprise generally employ about 100-999 number of employees. It pays an important role in the global economy. It is responsible for increasing the GDP at a greater rate.
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