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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
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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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अध्याय 3: Small Scale Industry and Business - EXERCISE [पृष्ठ ५८]

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बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 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.

Occurring obscured idea in mind of entrepreneur is _______ stage of establishing business.


Select the correct option and rewrite the sentence.

Small scale industries contribute nearly _______ to the industrial exports of the country.


Match the pairs.

Group ‘A’ Group ‘B'
A) Micro-Manufacturing sector 1) Handloom
B) Traditional Small Scale business 2) Unskilled
C) Registration 3) Does not exceed ₹ 25 lakhs
D) Labour 4) 40% of exports of India
E) Bicycle 5) Does not exceeds ₹ 1 lakhs
  6) DIC
  7) Marketing Problem
  8) Modern Small Scale business
  9) Project Appraisal
  10) Cost-efficiency

State True or False:

Small Scale industries should be developed in order to maintain, economic balance in a country


State True or False:

Small Business can not survive in the competition.


Complete the sentence.

SSI produce consumer goods as well as ______ components.


Select the correct option.

A B
_____________ Does not exceed ₹ 25 lakhs

Correct the underined word and rewrite the following sentence.

The problem of employment has been becoming more serious in India.


Arrange in proper order.

a) Selection of a place
b) Selection of a product
c) Business proposal
d) Selection of technology


Attempt the following.

Explain in brief the impact of capital on Small Scale industries.


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.


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.


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

An industry using power with less than 50 employees.


According to the MSMED Act, a micro enterprise in the manufacturing sector must invest______.


Which form of ownership is most common for small-scale industries, as shown in the features diagram?


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