What is the difference between small and medium and large scale industry?
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Small Scale Industry:
These are the industry which has fixed investment, whether held on ownership basis or lease basis or hire purchase basis not exceeding Rs. 1 crore.
Medium Scale Industry
Medium-scale industry is typically result from the slow and steady growth that results from a successful small business.
Large Scale Industry
Large Scale industry refers to factories that combine at least three characteristics: use of machinery, employment of wage labor, and the application of regulatory measures such as the Factory Act or Disputes Act.
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