Question

Which provisions were made under the Industrial Policy of 1991?

Answer 1

$\huge\bold{\boxed{\mathtt{\red{Answer}}}}$

(i) Liberalising the industry from the regulatory devices such as licenses and controls.

(ii) Enhancing support to the small scale sector.

(iii) Increasing competitiveness of industries for the benefit of the common man.

(iv) Ensuring running of public enterprises on business lines and thus cutting their losses.

(v) Providing more incentives for industrialisation of the backward areas

Answer 2

$\huge\green{\boxed{\bold{Answer}}}$

Foreign investment including FDI and FPI were allowed. Similarly, loan capital has also introduced in the country to attract foreign capital. 5. Abolition of MRTP Act: The New Industrial Policy of 1991 has abolished the Monopoly and Restricted Trade Practice Act.