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Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipResource Mobilization3 Marks
Question
Which business units are constituted under the tiny sector? This sector enjoys state patronage in which areas?
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Answer

Only those business enterprises are constituted under the tiny sector whose investment in plant and machinery is presently upto ₹ 25 lakhs, but it is to be raised further shortly.
This sector enjoys state patronage continuously in the form of:
  1. Land allotment,
  2. Electricity connection,
  3. Technology upgradation
  4. Monetary help from financial institutions
  5. Getting priority in the list of government purchases orders.

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