Q. Which of the following factors has been taken into consideration in the new classification of MSMEs?

Select the correct answer using the codes given below:

1, 2 only

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2, 3, 4 only

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1, 3 only

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1, 2, 3, 4

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Solution

The correct option is C 1, 3 only
Explanation:

The new classification criteria of MSME is based on only two factors:

Investment in plants and machinery

Annual turnover

The new classification of MSMEs:

Classification Micro Small Medium

Manufacturing Enterprises and Enterprises rendering Services

Investment in Plant and Machinery or Equipment is not more than Rs.1 crore

Annual Turnover is not more than Rs. 5 crore

Investment in Plant and Machinery or Equipment is not more than Rs.10 crore

Annual Turnover is not more than Rs. 50 crore

Investment in Plant and Machinery or Equipment is not more than Rs.50 crore

Annual Turnover is not more than Rs. 250 crore

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Classification	Micro	Small	Medium
Manufacturing Enterprises and Enterprises rendering Services	Investment in Plant and Machinery or Equipment is not more than Rs.1 crore Annual Turnover is not more than Rs. 5 crore	Investment in Plant and Machinery or Equipment is not more than Rs.10 crore Annual Turnover is not more than Rs. 50 crore	Investment in Plant and Machinery or Equipment is not more than Rs.50 crore Annual Turnover is not more than Rs. 250 crore