Cheat sheet · Class 11 · CBSE · Commerce Business Studies
Small Business and Entrepreneurship cheat sheet
The whole chapter on one page: key formulas, facts and the points to remember, for quick revision before a test.
CBSE Class 11 · Business Studies
Cheat sheet
Chapter 8Small Business and Entrepreneurship
MSME: Micro, Small, Medium — classified by investment and turnover.
1. MSME (MSMED Act, revised 2020)
| Type | Investment up to | Turnover up to |
|---|---|---|
| Micro | ₹1 crore | ₹5 crore |
| Small | ₹10 crore | ₹50 crore |
| Medium | ₹50 crore | ₹250 crore |
These are the 2020 limits used in the NCERT book. From April 2025 they were raised to ₹2.5/10 crore (micro), ₹25/100 crore (small) and ₹125/500 crore (medium).
2. Role & Problems
Role
employment, balanced regional growth, exports, use of local resources.
Problems
finance, raw material, marketing, technology, competition.
3. Entrepreneurship
- Characteristics: risk-taking, innovation, initiative, systematic activity.
- Startup India: easier registration, funding, tax benefits.
- IPR protects ideas: patents, copyrights, trademarks, designs.
4. Key Points
- Government support: NSIC, SIDBI, DICs.
- Village and cottage industries are labour-intensive.
- Entrepreneur creates a new venture.
- Small units have personal touch with customers.
Remember: MSME limits | role & problems | entrepreneurship & Startup India
Small Business and Entrepreneurship: questions and notes
More Class 11 · CBSE · Commerce Business Studies cheat sheets
Practise Small Business and Entrepreneurship
Sign up free to practise the full chapter. Questions you get wrong come back until you've mastered them.
Start practising freeFree to start · No credit card needed