What is the definition used by government of India for small scale industries ?

Solution

Small scale business can be defined by using any parameter like investment in plant and machinery, workers employed, turnover, electricity used, etc. But these is no fixed scale to define the small scale business as every basis has its own merits and demerits. Government of India was earlier defining the term “small scale business” with the help of number of persons employed in a particular business. But gradually it changed its parameter and now it defines the term small scale business with the help of investment in plant and machinery.

Some More Questions From Small Business Chapter

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.

What are the different parameters used to measure the size of business ?
or
Small scale business is defined on the basis of investment in plant and machinery. How this basis has been defined by the government ? Explain.

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Small Business

What is the definition used by government of India for small scale industries ?

Some More Questions From Small Business Chapter

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.

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

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

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

Give the full form of NABARD.

Name the institution which was set up in 1982 to promote integrated development.

Name any four institutions which have been set up to promote small industries in rural, backward and hilly areas.

What are the different parameters used to measure the size of business ?
or
Small scale business is defined on the basis of investment in plant and machinery. How this basis has been defined by the government ? Explain.