Question

What measures have been taken by the government for the promotion of small business Class 11 ques 5 mrks

Answer 1

The government has initiated various schemes to support small businesses.

Explanation:

1. The government of India has undertaken significant steps to ensure that small businesses flourish and develop in India.
2. Special economic zones have been established to ensure that businesses can procure materials and resources at cheap rates without unnecessary regulations.
3. The small businesses are also exempted from certain complexities.
4. Small business owners are also provided loans at effective rates of interest in small period of time.
5. The government also buy products from small businesses and patrons them.