The definition of Micro, Small and Medium Enterprises (MSMEs) in India is based on ____________.

total sales of the unit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

investment in machines and equipment

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

market coverage

No worries! We‘ve got your back. Try BYJU‘S free classes today!

export turnover

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B investment in machines and equipment
Enterprises have been classified under the Micro, Small and Medium Enterprises Development Act, 2006. According to this Act enterprises are classified into micro, small and medium based on investment in plant and machinery and in equipments respectively. Hence, the definition of Micro, Small and Medium Enterprises in India is based on investment in machines and equipments.

Suggest Corrections

Similar questions

Micro, Small and Medium Enterprises are classified on the basis of

Join BYJU'S Learning Program