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Question
A tiny unit is defined as an industrial or business enterprise whose investment in plant and industry is not more than ______.
Options
₹ 25 lakhs
₹ 30 lakhs
₹ 40 lakhs
₹ 50 lakhs
MCQ
Fill in the Blanks
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Solution
A tiny unit is defined as an industrial or business enterprise whose investment in plant and industry is not more than ₹ 25 lakhs.
Explanation:
A tiny unit is an industrial or business enterprise with an investment in plant and machinery not exceeding ₹ 25 lakhs. Such units are typically small-scale operations aimed at local or niche markets, playing a crucial role in promoting entrepreneurship and employment at a micro level.
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