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Attempt the following. Explain the meaning of Small Scale industries. - Organisation of Commerce and Management

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प्रश्न

Attempt the following.

Explain the meaning of Small Scale industries.

संक्षेप में उत्तर

उत्तर

Small Scale Industries are those industries where fixed assets i.e. plant and machinery which is owned or hired or taken on lease basis, do not exceed more than one crore. MSMED has classified Small Scale Industries into the manufacturing sector and services sector, and further into three categories of business i.e. Micro business, Small business, and Medium business.

Subsequently, over a period of time, a new definition was introduced by the MSMED Act, 2006 (Micro Small and Medium Enterprises Development) is as follows:

(A) Manufacturing Enterprises:

  1. A micro enterprise, Where the investment in plant and machinery is less than Rs. 25 lakh.
  2. A small enterprise, where the investment is more than Rs. 25 lakh but less than Rs. 5 crores.
  3. A medium enterprise, where the investment in plant and machinery is more than Rs. 5 crores but less than Rs. 10 crore.

(B) Service Enterprises:

  1. A micro enterprise, where the investment in equipment is less than Rs.10 lakh.
  2. A small enterprise, where the investment in equipment is more than Rs. 10 lakh but less than Rs. 2 crores.
  3. A medium enterprise where the investment in equipment is more than Rs. 2 crores but less than Rs. 5 crores. An industrial unit can be categorized as a small business if it fulfills the above capital investment criteria.
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Introduction of Small Scale Industry and Business
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अध्याय 3: Small Scale Industry and Business - EXERCISE [पृष्ठ ५८]

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बालभारती Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
अध्याय 3 Small Scale Industry and Business
EXERCISE | Q 6 1) | पृष्ठ ५८

संबंधित प्रश्न

Select the correct option and rewrite the sentence.

Before setting up a business, it is essential to study the prevailing _________ environment.


Select the correct option and rewrite the sentence.

Small Scale Business are _____ intensive.


Give one word/phrase/term for the following sentence.

An industry using power with less than 50 employees.


State True or False:

Small Business can not survive in the competition.


Complete the sentence.

SSI is _________ largest industry which creates huge employment opportunities.


Complete the sentence.

SSI enjoys the advantage of ___________ cost of the produce.


Complete the sentence.

SSI requires __________ capital as compared to large scale industries.


Select the correct option.

A B
___________ Does not exceed ₹ 10 lakhs

Answer in one sentence.

State the example of Traditional Small Scale Industry.


Correct the underined word and rewrite the following sentence.

SSI begins with large amount of capital.


Explain the following term/concept.

Small Scale Industry


Explain the following term/concept.

Service Sector


Study the following case/situation and express your opinion.

Mr. Rahim is keenly interested in starting the Small Scale business. But he is worried about the challenges before Small Scale business. Guide him about the solutions to face these challenges.


Give one word/phrase/term for the following sentence.

An industry using power with less than 50 employees.


Give one word/phrase/term for the following sentence.

An industry using power with less than 50 employees.


for the following sentence Give one word/phrase/term.

An industry using power with less than 50 employees.


Give one word/phrase/term. For the following sentence:

An industry using power with less than 50 employees.


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