December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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Industrial Licensing | 61
Service Enterprises
1. A micro enterprise, where the investment in equipment does not exceed ` 10 lakh.
2. A small enterprise, where the investment in equipment is more than ` 10 lakh
but does not exceed ` 2 crore.
3. A medium enterprise, where the investment in equipment is more than ` 2 crore
but does not exceed ` 5 crore.
However, due to a number of changes undertaken by the government in view of the
Corona Virus pandemic, the definition of MSME’s was changed recently. The earlier
distinction of Manufacturing and Service enterprises was done away with and new
limits of Investment and Turnover were introduced as follows: ...
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