Module: General Practice
Q8: Which enterprise category has its turnover limit doubled to ₹100 crore?
✅ Correct Answer: B
The correct answer is Small Enterprise.
The Revised MSME Classification has doubled the turnover limit for Small Enterprises to ₹100 crore.
This change is pivotal for the sector.
The Revised MSME Classification recognizes that turnover is a better proxy for business activity than just investment.
By setting the limit at ₹100 crore, it accommodates inflation and business expansion needs, ensuring that these vital economic units remain classified correctly.
The Revised MSME Classification has doubled the turnover limit for Small Enterprises to ₹100 crore.
This change is pivotal for the sector.
The Revised MSME Classification recognizes that turnover is a better proxy for business activity than just investment.
By setting the limit at ₹100 crore, it accommodates inflation and business expansion needs, ensuring that these vital economic units remain classified correctly.