What measures have been taken by the government for the development of cottage and small scale industries?

Solution

Small scale industries can play a very important role as an instrument of economic-development of India. That is why the government has been extending the assistance for the promotion of these industries. Among the various measures, the following are important:

(i) Small industries are exempted from excise duties. This enables them to sell their products at lower prices.

(ii) 836 products have been exclusively reserved for production in small sector. Large industries cannot produce them.

(iii) Training institutes have been set up throughout the country. These help small industries to upgrade their skills and modernise their technology.

Some More Questions From Indian Economy 1950-1990 Chapter

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Indian Economy 1950-1990

What measures have been taken by the government for the development of cottage and small scale industries?

Some More Questions From Indian Economy 1950-1990 Chapter

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

Why is agriculture called the backbone of Indian Economy?

What is meant by agriculture?

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