Q.Under the MSME classification, apart from investment in plant and machinery/equipment, which additional criterion is used to classify an enterprise as micro, small or medium?
(A) Number of employees only
(B) Annual turnover
(C) Location of the enterprise
(D) Type of product manufactured

The correct option is the Government of India — Start-Up India is its flagship initiative to promote entrepreneurship.

The Government of India actively supports entrepreneurship because new enterprises create jobs, encourage innovation and contribute to economic growth. Start-Up India is one such flagship programme, launched in 2016, to build a strong ecosystem that nurtures innovation and start-up businesses in the country.

Under this initiative the government provides benefits such as tax exemptions, easier and faster company registration, funding support through a Fund of Funds, self-certification of compliances, and simplified rules so that first-generation entrepreneurs can start and grow their ventures easily.

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Start-Up India is a scheme of the Government of India to encourage startups and entrepreneurship.

Start-Up India was launched by the Government of India on 16th January 2016. Its purpose is to build a strong ecosystem for nurturing innovation and startups in the country.

Key features / support offered:

• Simplified registration and easier compliance for new businesses.
• Tax benefits and funding support (a fund of funds for startups).
• Faster processing of patents and hand-holding through incubators. …