Q.3. Give the classification of manufacturing enterprises in terms of investment in plant and machinery in accordance with the provisions of Micro, Small and Medium Enterprises Development Act, 2006.

Open in App

Solution

Dear student,
The manufacturing enterprises in terms of investment in plant and machinery can be categorised as:
1. Micro Enterprises- Investment in plant and machinery does not exceeds Rs 25 lakhs
2. Small Enterprises- Investment in plant and machinery is between Rs 25 lakhs to Rs 5 crore
3. Medium Enterprises- Investment in plant and machinery is between Rs 5 crore to Rs 10 crore

Suggest Corrections

Similar questions

Q. 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 not exceed Rs 25 lakh are classified as _________.

Q. The Government of India has defined micro, small and medium enterprises. Which of the following is correctly matched for an enterprise engaged in the manufacture or processing of goods as per the definition ?
(A) Micro enterprise: Investment in plant in plant and machinery does not exceed 25 lakhs.
(B) Small enterprise: Investment in plant and machinery is more than 25 lakhs but does not exceed 5 cr.
(C) Medium enterprise: Investment in plant and machinery is more than 5 cr but does not exceed 20 cr.

Consider the following pairs of size of enterprise and its classification as per Micro, Small and Medium Enterprises Development (Amendment) Bill, 2015:

Which of the above is/are correctly matched?

1 and 2 only
3 and 4 only
2,3 and 4 only
2 and 3 only

Q. The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act in ________.

Join BYJU'S Learning Program