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Question
When was Micro, Small and Medium Enterprises Act was passed?
Options
2005
2006
2007
2009
MCQ
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Solution
2006
Explanation:
The Micro, Small and Medium Enterprises Act was passed in 2006 to provide a legal framework for facilitating the promotion, development, and enhancement of competitiveness of micro, small, and medium enterprises in India. It helps in classifying enterprises and providing support for their growth and sustainability.
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