Small-scale industry under IDRA, 1951, is one with an investment up to _________ in plant and machinery, excluding land and building.

10 lakhs

No worries! We‘ve got your back. Try BYJU‘S free classes today!

1 crore

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

5 crore

No worries! We‘ve got your back. Try BYJU‘S free classes today!

10 crore

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B 1 crore
Small-scale industry under Industry Development and Regulation act, 1951, is one with an investment up to 1 crore in plant and machinery, excluding land and building. Small scale industries can be defined as those industries where manufacturing activities take place in a very small scale.

Suggest Corrections

Similar questions

The investment limit in fixed assets of plant and machinery excluding land and building for a small scale service and business (industry related) enterprise is ____.

Q. According to Section 7 of Micro, Small and Medium Enterprises Development Act, 2006, in the case of industry specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 where investment in plant & machinery does more than Rs 5 crores but does not exceed Rs 10 crores are classified as ____________.

Preet Food Industries set up food and 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. Board of directors decided to invest 50 lakhs to acquire plant & machinery, Rs. 1 crore to buy land, Rs. 20 Lakhs to buy raw materials and Rs. 20 lakhs to maintain day to day expenses.

(a) Name the Act of Industries which is applicable to the above industry.

(b) Which category of part (a) will the above industry came?

(d) What value have been followed by the above company?

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?

Q. If the investment in a business is between one crore and ten crores, the business is considered a .

Join BYJU'S Learning Program