In 1966, all industrial units with a capital investment of less than Rs. ______ were defined as small-scale industries.

75 lakhs

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7.5 lakhs

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50 lakhs

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5 lakhs

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Solution

The correct option is C 7.5 lakhs
Before the enactment of MSMED Act in 2006, there was no official definition for small scale unit and investment in small scale unit is increased with time initially it was 5 lakh then in 1966 it was 7.5 lakh.

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In 1966, all industrial units with a capital investment of less than Rs. ______ were defined as small-scale industries.

The correct option is C 7.5 lakhsBefore the enactment of MSMED Act in 2006, there was no official definition for small scale unit and investment in small scale unit is increased with time initially it was 5 lakh then in 1966 it was 7.5 lakh.

The correct option is C 7.5 lakhs
Before the enactment of MSMED Act in 2006, there was no official definition for small scale unit and investment in small scale unit is increased with time initially it was 5 lakh then in 1966 it was 7.5 lakh.