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In 1975, the ...
Question
In 1975, the limits for small-scale and ancillary units were enhanced to Rs. _______ and Rs. ______ respectively, by the small-scale industries board.
A
10 lakhs, 15 lakhs
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B
7.5 lakhs, 10 lakhs
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C
20 lakhs, 25 lakhs
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D
15 lakhs, 20 lakhs
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Solution
The correct option is B 10 lakhs, 15 lakhs In India, before the enactment of MSMED act in 2006, there was no official definition for small - scale units as well as for ancillary units. With the time the investment in these type of units increased and in 1975, limits of investment were enhanced to 10 lakhs & 15 lakhs respectively by the small-scale industries board.