Which amongst the following is an incentive to Small scale industry
Answers
Answer:
Among the various incentives given to small-scale industries the following deserve special mention:
Reservation: ...
Preference in Government purchases: ...
Price preference: ...
Supply of raw materials: ...
Excise duty: ...
RBI's credit guarantee scheme: ...
Financial assistance: ...
Technical consultancy services
The priority sector now includes small-scale industries. As a result, business financial institutions provide financial support to SSI units on favorable conditions.
The following are government incentives for businesses in underdeveloped and hilly areas:
Land is provided by the government for the establishment of industries.
Power is provided at a discounted rate of 50% off the original price.
In all union territories, industries are exempt from sales tax.
SSIs are assisted in exporting their products and services to other nations through trading houses and merchants.