Consider the following statements with reference to India: 1. According to the Micro, Small and Development Enterprises (MSMED) Act, 2006, the 'medium enterpris

Question

Consider the following statements with reference to India:
1. According to the Micro, Small and Development Enterprises (MSMED) Act, 2006, the 'medium enterprises are those with investment in plants and machinery between Rs. 15 crore and 25 crore.
2. All bank loans to the Micro, Small and Medium Enterprises qualify under the priority sector.
Which of the statements given above is/are correct?

Accepted Answer

(D) Neither 1 nor 2

Answer

(A) 1 only

Answer

(B) 2 only

Answer

(C) Both 1 and 2