Question

Features of Industrial Policy resolution 1956?

Answer 1

Explanation:

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Answer 2

Explanation:

FEATURES OF INDUSTRIAL POLICY RESOLUTION (IPR) OF 1956

Features of Industrial policy resolution of 1956 were.

1. New classification of Industries: Industries were classified into three schedule depending upon role of state.

(a) Schedule-A- 17 industries listed in schedule-A whose future development would be the responsibility of state.

(b) Schedule-B- 12 industries were included in schedule-B, Private sector could supplement the efforts of the Public Sector, with the state taking sole responsibility for starting new units.

(c) Schedule-C – other residual industries were left open to private sector.

2. Stress on the role of cottage and small scale industries.

3. Industrial licensing: Industries in the pvt. sector could be established only through a licence from the government.

4. Industrial concessions-were offered-pvt. entrepreneurs for establishing industry in the backward regions of the country. Such as tax rebate and concessional rates for power supply