Shankar food Industries set up beverages processing plant in the rural area of Haryana and opted for labour intensive technique due to easy availability of labour and to provide employment to local people. He decided to invest 50 lakhs to acquire plant & machinery, Rs. 1 crore to buy land, Rs. 20 Lakhs to buy raw material and Rs. 20 lakhs to maintain day to day expenses. To which category does this industry belong to? What is its investment limit?

Small scale industry, 5 crores

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Small industry, 1 crore

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Tiny industry, 1 lakh

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Industry related enterprise, no limit

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Solution

The correct option is A
Small scale industry, 5 crores

The given example belongs to small scale industry whose investment limit in plant and machinery is 5 crores.

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The correct option is A Small scale industry, 5 crores The given example belongs to small scale industry whose investment limit in plant and machinery is 5 crores.

The correct option is A
Small scale industry, 5 crores

The given example belongs to small scale industry whose investment limit in plant and machinery is 5 crores.