Question

(i) What are village industries?
(ii) What are cottage industries?

Answer 1

Cottage industries play a significant role in the economies of developing countries. These economies may lack the capital and financial systems to support larger industries. ... Small-scale cottage industries are also an important source of employment, especially in rural areas.

Answer 2

Village Industries

The industries which located in a rural area and produces any goods or renders any service with or without the use of power and in which the fixed capital investment per head of an artisan or a worker does not exceed [one lakh rupees] or such other sum as may, by notification in the Official Gazette, be specified from time to time by the Central Government

Cottage Industries

A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility.