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    Question

    Under the definition of MSMEs in India, what is the

    maximum turnover allowed for a medium enterprise?
    A тВ╣100 crore Correct Answer Incorrect Answer
    B тВ╣150 crore Correct Answer Incorrect Answer
    C тВ╣200 crore Correct Answer Incorrect Answer
    D тВ╣250 crore Correct Answer Incorrect Answer
    E тВ╣500 crore Correct Answer Incorrect Answer

    Solution

    In India, MSMEs are classified under the Micro, Small, and Medium Enterprises Development Act, 2006. A medium enterprise is defined as one where the investment in plant and machinery does not exceed тВ╣50 crore, and the turnover does not exceed тВ╣250 crore. This classification enables targeted support and benefits, helping such enterprises contribute effectively to both domestic and global markets while encouraging innovation and growth.

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