Commerce Exam > Commerce Questions > Limit of investment in small scale industry i...
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Limit of investment in small scale industry is _________
- a)one crore
- b)Ten crore
- c)two crore
- d)five crore
Correct answer is option 'A'. Can you explain this answer?
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Limit of investment in small scale industry is _________a)one croreb)T...
Limit of Investment in Small Scale Industry
The limit of investment in small scale industry is one crore (option A).
Explanation:
Small scale industries (SSI) play a crucial role in the economic development of a country. These industries are characterized by their small investment requirements, limited manpower, and localized operations. To promote and support the growth of small scale industries, governments often set limits on the maximum investment allowed.
Importance of Investment Limits:
Setting investment limits in small scale industries serves several purposes:
- Encouraging Entrepreneurship: By limiting the investment, governments aim to encourage more individuals to start their own enterprises in the small scale sector.
- Promoting Fair Competition: Investment limits prevent large corporations from dominating the small scale industry sector, ensuring fair competition among businesses.
- Job Creation: Small scale industries are significant sources of employment, and by setting investment limits, governments aim to promote the establishment of more units, leading to increased job opportunities.
- Regional Development: Encouraging small scale industries through investment limits helps in promoting balanced regional development by decentralizing industrial activities.
Investment Limit in Small Scale Industry:
The specific investment limit in small scale industries can vary from country to country. In this case, the correct answer is option A, which states that the limit of investment in small scale industry is one crore.
It is important to note that investment limits may change over time based on government policies and economic conditions. Therefore, it is essential for entrepreneurs and investors to stay updated with the latest regulations regarding investment limits in small scale industries.
By adhering to the investment limits, entrepreneurs can avail various benefits such as tax incentives, financial assistance, and government support schemes specifically designed for small scale industries.
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Limit of investment in small scale industry is _________a)one croreb)T...
Prime Minister Atal Bihari Vajpayee yesterday said
small-scale industry (SSI)
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