Q.State the current investment and turnover limits for classifying a manufacturing or service enterprise as micro, small, or medium under the MSMED Act.

Khakhra making is an example of a cottage industry — option (a).

Cottage industries are traditional activities carried on within the home, mainly with family labour, simple tools and very little capital, often as a part-time or hereditary occupation. Khakhra making — done largely by households using hand skills — fits this description. It is distinct from tin …

The correct option is (A) Tiny Industry, defined by an investment limit up to ₹25 lakh.

In the classification of industries by size of investment in plant and machinery, the smallest units were the tiny industries, with investment up to about ₹25 lakh. Small-scale, medium-scale and large-scale units had progressively higher investment limits. He …

The investment limit for a tiny industry is ₹25 lakh — option (d).

Within the small-scale sector, units are graded by the amount of capital invested in plant and machinery. A tiny industry is one whose investment does not exceed ₹25 lakh. This classification helps target promotional a …