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Question
Explain the following term/concept.
Service Sector
Solution
According to MSMED on the basis of investment Micro Service Sector 'does not exceed Rs. 10 lakhs', Small Service Sector, 'more than Rs. 10 lakhs but does not exceed 2 crores ‘and Medium Service Sector 'more than Rs. 2 crores but does not exceed Rs. 5 crores’.
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