Small and Medium Enterprise is one which has investment in plant and machinery not exceeding ___________.

Rs. 10 crore

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Rs. 1 crore

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Rs. 50 lakhs

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Rs. 5 crore

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Solution

The correct option is C Rs. 5 crore
The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the micro, small and medium enterprises are defined. Accordingly, a small and medium enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore.

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