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Subrat SaurabhAuthor of Kuch Woh Pal
As per the MSME Development Act, 2006, the MSME industry has two 2 sectors: the manufacturing sector and the service sector.
Sectors under MSME are: -
1) Micro Enterprise: Up to Rs. 1 Crore investment in Plant & Machinery or Equipment; and Annual Turnover not exceeding Rs.5 Crore.
2) Small Enterprise: Micro Enterprise: Up to Rs. 10 Crore investment in Plant & Machinery or Equipment; and Annual Turnover not exceeding Rs.50 Crore.
3) Medium Enterprise: Micro Enterprise: Up to Rs. 50 Crore investment in Plant & Machinery or Equipment; and Annual Turnover not exceeding Rs.250 Crore.
This Act with amendment is reworked in form of Ready Reckoner, which is easy to read and understand.
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Fcs Naveen Bhatnagar
AUTHOR: NAVEEN BHATNAGAR
FCS, LL. B, PGDM (F), PGDM (CL&M), CMA (1), M Com
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