Question

As per First Schedule of Industries (Development and Regulation) Act 1951, Micro enterprise should have plant & machinery not exceeding ______.

• A. Rs. 50 lakhs
• B. Rs. 35 lakhs
• C. Rs. 25 lakhs
• D. Rs. 24 lakhs

Answer 1

The correct option is C Rs. 25 lakhs

A micro enterprise manufacturing is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh.

Investment in plant and machinery is the original cost excluding land and building and the items specified by the Ministry of Small Scale Industries vide its notification.

The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery.