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Question
Explain the following term/concept.
Service Sector
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Solution
According to MSMED on the basis of investment Micro Service Sector 'does not exceed Rs. 10 lakhs', Small Service Sector, 'more than Rs. 10 lakhs but does not exceed 2 crores ‘and Medium Service Sector 'more than Rs. 2 crores but does not exceed Rs. 5 crores’.
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