Define micro, small and medium enterprises on the basis of investment and annual turnover in India. (Answer limit: 50 words, Marks 05) [RPSC 2023]
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In India, micro-enterprises are defined as those with an investment of up to ₹1 crore and an annual turnover of up to ₹5 crore. Small enterprises have an investment up to ₹10 core and a turnover up to ₹50 crore. Medium enterprises are classified with an investment of up to ₹50 core and a turnover of up to ₹250 crore.