Question

Give the difference between the following:

Micro Enterprise and Medium Enterprise.

Answer 1

1. Micro Enterprise: It is an enterprise where the investment in plant and machinery or equipment does not exceed one crore rupees and annual turnover does not exceed five crore rupees.
2. Medium Enterprise: It is an enterprise where the investment in plant and machinery or equipment does not exceed fifty crore rupees and annual turnover does not exceed two hundred and fifty crore rupees.