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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.

थोडक्यात 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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पाठ 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
पाठ 3 Small Scale Industry and Business
EXERCISE | Q 6 1) | पृष्ठ ५८

संबंधित प्रश्‍न

Select the correct option and rewrite the sentence.

India is __________ abundant country.


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

An industry using power with less than 50 employees.


Find the odd one.


Complete the sentence.

SSI is _________ largest industry which creates huge employment opportunities.


Select the correct option.

A B
_____________ Does not exceed ₹ 25 lakhs

Answer in one sentence.

Give examples of Modern Small Scale Industry.


Correct the underlined word and rewrite the following sentence.

India is material abundant country.


Correct the underined word and rewrite the following sentence.

SSI begins with large amount of capital.


Arrange in proper order.

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


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. Ram wants to start a Small Scale business of manufacturing parts of bicycles or machinery.

  1. Identify the first step or stage of setting up his Small Scale business.
  2. State the different ways of raising the capital for his business.
  3. 'Marketing is a necessary step of running a business,’ comment on it.

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.


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.


Which feature is NOT typically associated with Small Scale Industries?


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