Question
As per MSMED Act 2006, a micro enterprise should have
turnover of less than _______Solution
In terms of Government of IndiaĀ Gazette Notification S.O. 2119 (E) dated June 26, 2020 Ā the definition of micro, small and medium enterprises is as under: Ā·Ā Ā Ā Ā Ā Ā A micro enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ā¹1 crore and turnover does not exceed ā¹5 crore ; Ā·Ā Ā Ā Ā Ā Ā A small enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ā¹10 crore and turnover does not exceed ā¹50 crore; and Ā·Ā Ā Ā Ā Ā Ā A medium enterprise is an enterprise where the investment in plant and machinery or equipment does not exceed ā¹50 crore and turnover does not exceed ā¹250 crore.
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