| In context of the present ceiling on investment for categorization of various enterprises as Micro, Small and Medium Manufacturing Enterprises (MSMEs), which of the following statements are correct: |
| 1. A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 25 lakh. |
| 2. A small enterprise is an enterprise where the investment in equipment is more than Rs. 25 lakh but does not exceed Rs. 5 crore. |
| 3. A medium enterprise is an enterprise where the investment in equipment is more than Rs. 5 crore but does not exceed Rs. 10 crore. |
A) Only 1
B) Only 2
C) Only 3
D) All of them
Correct Answer: D
Solution :
[d] The above mentioned categorization is of Enterprises engaged in the manufacture or production, processing or preservation of goods. Enterprises engaged in providing or rendering of services and whose investment in equipment (original cost excluding land and building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006 are specified below. 1. A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 10 lakh; 2. A small enterprise is an enterprise where the investment in equipment is more than Rs. 10 lakh but does not exceed Rs. 2 crore; 3. A medium enterprise is an enterprise where the investment in equipment is more than Rs. 2 crore but does not exceed Rs. 5 crore.
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