What is the maximum annual turnover limit for Micro Enterprises as per the classification guidelines for manufacturing and service enterprises?

Correct option is D

The maximum annual turnover limit for Micro Enterprises is Rs. 5 crore.
· Micro Enterprise Classification:
· Investment in Plant and Machinery or Equipment: Up to Rs. 1 crore.
· Annual Turnover Limit: Up to Rs. 5 crore.
· Purpose of Classification: Helps in categorizing enterprises to provide targeted support and benefits based on size and economic capacity.
· Comparison with Other Categories:
· Small Enterprises: Investment up to Rs. 10 crore; turnover up to Rs. 50 crore.
· Medium Enterprises: Investment up to Rs. 50 crore; turnover up to Rs. 250 crore.