SME FINANCE
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Rural Banking (Elective) — CAIIB.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
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.
What are the classification thresholds for a Medium enterprise under the MSMED Act as amended in 2020?
A Medium enterprise has investment not exceeding Rs. 50 crore and annual turnover not exceeding Rs. 250 crore.
What does the Udyog Aadhaar Memorandum (UAM) represent for SMEs?
A self-declaration registration form for MSME recognition by government.
Which Act provides the statutory framework for the development and regulation of MSMEs in India?
The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 provides the statutory framework for MSMEs, which was subsequently amended to revise classification criteria in 2020.
What is the Composite Loan Scheme for small enterprises offered by SIDBI?
Single loan covering both term loan and working capital needs.
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