Current Affairs - Miscellaneous - Discussion

Discussion Forum : Miscellaneous - Latest Current Affairs (Q.No. 3545)
3545.
Centre announced policy changes in the definition for the MSME sector as part of the Atmanirbhar Bharat package. As per the new definition what will be investment and turnover limit for micro-units?
Investment Rs.1 crore and Turnover Rs.10 crore
Investment Rs.50 lakhs and Turnover Rs.1 crore
Investment Rs.1 crore and Turnover Rs.5 crore
Investment Rs.50 lakhs and Turnover Rs.5 crore
Answer: Option
Explanation:
Centre announced policy changes in the definition for the Micro, Small & Medium Enterprises sector as part of the Atmanirbhar Bharat package. The move comes as a recognition to the importance of MSMEs. As per the new definition, MSMEs with an investment of Rs.1 crore and turnover of Rs.5 crore will be classified as micro-units. Units with an investment of Rs.10 crore and turnover of Rs.50 crore will be classified as small units. Units with an investment of Rs.50 crore and turnover of Rs.250 crore will be classified as medium units.
Discussion:
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