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

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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