Introduction to MSMEs
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Small and Medium Enterprises in India — Certificate Course on MSME.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
Which sector ranks second only to agriculture in terms of economic and social contribution in India?
The MSME sector ranks second only to agriculture, contributing to economic and social development through entrepreneurship and large-scale employment generation at comparatively low capital cost.
What was the investment ceiling for a Small Enterprise in the manufacturing sector under the old MSME definition (prior to 1 July 2020)?
Above ₹25 lakh and up to ₹5 crore
On what date was the MSMED Act, 2006 enacted, and when was it notified?
The MSMED Act, 2006 was enacted on 16 June 2006 and notified on 2 October 2006.
What was the investment ceiling for a Micro Enterprise in the service sector under the old MSME definition (prior to 1 July 2020)?
Up to ₹10 lakh
What was the investment ceiling for a Micro Enterprise in the manufacturing sector under the old definition (prior to 1 July 2020)?
Under the old definition, a Micro Enterprise in the manufacturing sector had an investment in plant and machinery of up to Rs.25 lakh.
What was the investment ceiling for a Small Enterprise in the service sector under the old MSME definition (prior to 1 July 2020)?
Above ₹10 lakh and up to ₹2 crore
What was the investment ceiling for a Medium Enterprise in the service sector under the old definition?
Under the old definition, a Medium Enterprise in the service sector had an investment in equipment above Rs.2 crore and up to Rs.5 crore.
What was the investment ceiling for a Medium Enterprise in the manufacturing sector under the old MSME definition (prior to 1 July 2020)?
Above ₹5 crore and up to ₹10 crore
PDF study notes
More chapters in Module A
Master the full MSME syllabus
Every chapter of Small and Medium Enterprises in India — videos, tests, notes and one-liner decks in one place.