What is the limit of Turnover of micro-enterprise?
Answer & explanation
Correct answer: option 1
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.