What is the trigger amount set by the government for the new Pre-Packs scheme of MSMEs?

1. 

What is the trigger amount set by the government for the new Pre-Packs scheme of MSMEs?
[A]. Rs 15 lakh
[B]. Rs 10 lakh
[C]. Rs 25 lakh
[D]. Rs 20 lakh

Answer: Option B

Explanation:

The Central government has set a payment default of Rs 10 lakh as the trigger for bankruptcy proceedings of small businesses under the new simplified scheme called pre-packs.

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