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Question 19 of 23

Q.Micro, Small and Medium Enterprises Development (MSMED) Act was enacted in the year :

(a) 2006
(b) 2004
(c) 2008
(d) 2007
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2025MCQ· 1mImportance★★★★★
83% · 19/23 Questions
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The Micro, Small and Medium Enterprises Development (MSMED) Act was passed in 2006; it is the statute that classifies enterprises as micro, small or medium.

The MSMED Act, 2006 is the central law that:

  • Defines and classifies enterprises as micro, small or medium (based on investment and, later, turnover criteria).
  • Provides a framework for their promotion, development and support. …
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