Subclassification of small enterprises – InterviewSolution

1.	Subclassification of small enterprises
Answer» India: New Classification Of MSMEsGovernment of India enacted Micro, Small and Medium Enterprises Development Act, 2005 (MSME Act) under which classification of micro, small and medium enterprises (MSME) was dependent on two factors: (i) INVESTMENT in PLANT and MACHINERY; and (ii) turnover of the enterprise.

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