Module: General Practice
Q10: The turnover limit for a Medium Enterprise has been doubled to what amount?
✅ Correct Answer: C
The correct answer is ₹500 crore.
The turnover limit for a Medium Enterprise has been doubled to ₹500 crore under the Revised MSME Classification.
This helps banks in targeting Priority Sector Lending, as more companies now fall under the MSME definition.
The Revised MSME Classification thus expands the universe of companies eligible for cheaper credit.
A turnover of ₹500 crore represents a significant scale, yet it is now protected under the MSME policy framework.
The turnover limit for a Medium Enterprise has been doubled to ₹500 crore under the Revised MSME Classification.
This helps banks in targeting Priority Sector Lending, as more companies now fall under the MSME definition.
The Revised MSME Classification thus expands the universe of companies eligible for cheaper credit.
A turnover of ₹500 crore represents a significant scale, yet it is now protected under the MSME policy framework.