Small Business — Business Studies STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesSmall Business1 Mark
Question
List out major industry groups in the small sector in India.
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Answer
The official definitions of the small scale unit are as follows:
Small-Scale Industries: These are the industrial undertakings having fixed investment in plant and machinery, whether held on ownership basis or lease basis or hire purchase basis not exceeding ₹ 1 crore.
Ancillary Industries: These are industrial undertakings having fixed investment in plant and machinery not exceeding ₹ 1 crore engaged in or proposed to engage in,
The manufacture of parts, components, sub-assemblies, tooling or intermediaries.
The rendering of services supplying 30 percent of their production or services as the case may be, to other units for production of other articles.
Tiny Units: These refer to undertakings having fixed investment in plant and machinery not exceeding ₹ 23 lakhs. These also include undertakings providing services such as laundry, xeroxing, repairs and maintenance of customer equipment and machinery, hatching and poultry etc. located m towns with population less than 50,000.
Small-Scale Service Establishments: These mean enterprises engaged in personal or household services in rural areas and town with population not exceeding 50000 and having fixed investment in plant and machinery not exceeding ₹ 25 lakhs.
Household Industries: These cover artisans, skilled craftsman and technicians who can work in their own houses if their work requires less than 300 square feet space, less than 1Kw power, less than 5 workers and no pollution is caused. Handicrafts, toys, dolls, small plastic and paper products, electronic and electrical gadgets are some of the examples of these industries.
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