How are small scale industries distinguished from large scale industries?
Download our app for free and get started
Small scale industries are distinguished from the large scale industries on the basis of the maximum investment allowed on the fixed assets of a unit, the number of workers employed and the use of energy. This definition of a small scale industry changes from time to time. In 1950, a small scale industrial unit was one which invested a maximum of rupees five lakhs. At present, the maximum investment allowed is five crores.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View SolutionWhy is equity as a planning goal very important?
- 2View SolutionWhy is P.C. Mahalanobis known as the architect of Indian planning?
- 3View SolutionIs it essential that growth in agricultural output leads to growth of the economy? Give reasons for your answer.
- 4View SolutionExplain the 'permit license raj'.
- 5View SolutionDifferentiate between Self Reliance and Self Sufficiency.
- 6View SolutionHow did government ensure that the small farmers also benefit from the Green Revolution as the rich farmers?
- 7View SolutionWhy do small scale industries need protection by the government?
- 8View SolutionIs GNP a good indication of a country's growth?
- 9View SolutionIn industrial development in India, government played a leading role. Why?OR
Why was public sector given a leading role in industrial development during the planning period? Explain any two reasons. - 10View SolutionWhat is Planning Commission? What are its functions?