Module: General Practice
Q4: What is the maximum turnover limit for a Micro Enterprise under the revised MSME classification?
✅ Correct Answer: B
The correct answer is ₹10 crore.
Under the current Revised MSME Classification, the turnover limit for Micro Enterprises is fixed at ₹10 crore.
It is important to note that exports of goods or services or both are excluded while calculating the turnover for any enterprise under the Revised MSME Classification.
This provision encourages Micro Enterprises to explore international markets without worrying about breaching the turnover threshold of ₹10 crore defined for their category.
Under the current Revised MSME Classification, the turnover limit for Micro Enterprises is fixed at ₹10 crore.
It is important to note that exports of goods or services or both are excluded while calculating the turnover for any enterprise under the Revised MSME Classification.
This provision encourages Micro Enterprises to explore international markets without worrying about breaching the turnover threshold of ₹10 crore defined for their category.