Define Small Business.

Solution

Small scale sector in India is defined as under :

1. Small Scale Industry : The investment in plant and machinery up to Rs. 1 crore.

2. Ancillary Small Industrial Units : The investment in plant and machinery not to exceed Rs. 1 crore. The undertakings must sell not less than 50 per cent of its output to other industrial undertakings.

3. Export Oriented Units : The investment in plant and machinery is upto Rs. 1 crore. The unit must export at least 50 per cent of its output by the end of three years from the date of commencement of production.

4. Tiny Units : The investment in plant and machinery is upto Rs. 25 lakhs irrespective of location.

Some More Questions From Small Business Chapter

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

Define Small Business.

Some More Questions From Small Business Chapter

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.

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