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Small Business

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Question
CBSEENBS11004602
Wired Faculty App

Give the name of the nodal agency set up by government of India to formulate policy and coordination of central assistance for the promotion and development of small scale industries in India.

Solution

Ministry of Small Scale Industries and Agro and Rural Industries is combindly the nodal agency to formulate policy and cordination of central assistance to Small Scale Industries of India.

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Question
CBSEENBS11004603
Wired Faculty App

Which nodal agency looks after the coordination and development of Village and Khadi Industries ?

Solution

Ministry of Agro and Rural Industries.

Question
CBSEENBS11004604
Wired Faculty App

How the Small Scale Industry can survive in the present era of globalisation and in regime of WTO ?

Solution

With the Indian economy getting integrated with the global economy, it is necessary for small scale industry to improve their capabilities to explore new areas in international markets. They have to steadily reorient them, adapt them to the fast changing needs of the market driven economy. If small business are to maintain their markets here they have to create a level playing field for themselves.

Question
CBSEENBS11004605
Wired Faculty App

 Give any two incentives offered by the government to Small Scale Industries.

Solution

1 Reservation of about 800 items exclusively for SSI.

2. Exemption from excise duty upto Rs. one crore.

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