Question

what do you mean by large scale industry and small scale industry?
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Answer 1

Answer:

. (i) Theseindustries employ a larger number of persons and capital. (ii) The work is done mostly by larger machines and laborers. (iii) Raw materials and used is large and there is mass production

Answer 2

Answer:-

• Large Scale Industries

Industries which requires huge infrastructure and manpower with an influx of capital assets are Large Scale Industries. In India, large-scale industries are the ones with a fixed asset of more than one hundred million rupees or Rs. 10 crores.

The Indian economy relies heavily on such industries for economic growth, generation of foreign currency, and the creation of job opportunities for millions of Indians.

• Small Scale Industries

Essentially small scale industries comprise of small enterprises who manufacture goods or services with the help of relatively smaller machines and a few workers and employees. Basically, the enterprise must fall under the guidelines set by the Government of India. At the time being such limits are as follows,

1. For Manufacturing Units for Goods: Investment in plant and machinery must be between 25 lakhs and five crores.
2. For Service Providers: Investment in machinery must be between 10 lakhs and two crores.

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