Practicing Success
What is the limit of Turnover of micro-enterprise? |
Does not exceed 5 crore Does not exceed 50 crore Does not exceed 250 core Does not exceed 100 core |
Does not exceed 5 crore |
The correct answer is option 1- Does not exceed 5 crore. The definition used by the Government of India to describe MSME is based on the investment in plant and machinery and turnover. This measure seeks to keep in view the socio-economic environment in India where capital is scarce and labour is abundant. The turnover of the micro enterprise does not exceed 5 crore. |