What is the maximum annual turnover limit for Micro

Solution

The maximum annual turnover limit for Micro Enterprises is Rs. 5 crore. • Micro Enterprise Classification: o Investment in Plant and Machinery or Equipment: Up to Rs. 1 crore. o Annual Turnover Limit: Up to Rs. 5 crore. • Purpose of Classification: Helps in categorizing enterprises to provide targeted support and benefits based on size and economic capacity. • Comparison with Other Categories: o Small Enterprises: Investment up to Rs. 10 crore; turnover up to Rs. 50 crore. o Medium Enterprises: Investment up to Rs. 50 crore; turnover up to Rs. 250 crore.