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SME FINANCE
What is the official definition of a Micro enterprise under the revised MSME classification in India?
A Micro enterprise has investment in plant and machinery or equipment not exceeding Rs. 1 crore and annual turnover not exceeding Rs. 5 crore.
What is the full form of SME in banking and finance context?
Small and Medium Enterprises in manufacturing and services.
What are the investment and turnover limits for a Small enterprise under the revised MSME framework effective 2020?
A Small enterprise must have investment not exceeding Rs. 10 crore and annual turnover not exceeding Rs. 50 crore.
What is the revised investment limit for a Micro enterprise in the manufacturing sector under 2020 amendment?
Investment up to Rs 1 crore and turnover up to Rs 5 crore.
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