Question

Sector of small scale unit where investment in plant and machinery is upto ₹25 Iacs irrespective of location of unit. Answer in a word / phrase / term.

Answer 1

Medium and smaller scale industries make investments in machineries of upto 25 lakh to 10 crore while in the case of the manufacturing industries it stands between 10 lakh to 5 crore.

In one of the acts of 2006 that pertained to the smaller and the medium sized industries of India it was said that the classification of the industries is done based upon the investment they make in their business venture.

Answer 2

Explanation:

Sector of small scale unit where investment in plant and machinery is upto ₹25 Iacs irrespective of location of unit.

Answer in a word