Question

A manufacturing firm had investment of ₹9.8 crore in plant and machinery last year. In the current year, due to expansion, its turnover crossed ₹52 crore while investment remained same. The bank has to decide its MSME status for renewal and PSL reporting. Which classification is correct?

A Remains Small as investment is within limit
B Becomes Medium as turnover exceeds Small limit
C Becomes Large due to expansion
D Treated as Small till next three years
E Classification depends only on turnover
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