Question

What is the limit of the Annual turnover for small enterprises?
1. 5 crores to 75 crores rupees
2. less than 5 crore rupees 
3. Between 75 to 150 crores rupees
4. Between 150 to 200 crores rupees

Answer 1

Correct Answer - Option 1 : 5 crores to 75 crores rupees

The correct answer is 5 crores to 75 crores rupees.

• As Per the official question as answer key provided by WBCS the correct answer is option 1.
• However, as per the data available as per the MSME the limit of the annual turnover for small enterprises is not more than 50 crore.

• In line with energising MSMEs in the country, the Cabinet Committee on Economic Affairs (CCEA) under the Chairmanship of Prime Minister Shri Narendra Modi approved the upward revision of the MSME definition for laying down effective implementation under the Atmanirbhar Bharat Package. 
• Updated Classification of Micro Small Medium Enterprises are as follows:

Classification	Micro	Small	Medium
Investment in Plant and Machinery or Equipment	Not more than Rs.1 crore	Not more than Rs.10 crore	Not more than Rs.50 crore
Annual Turnover	Not more than Rs. 5 crore	Not more than Rs. 50 crore	Not more than Rs. 250 crore